Brazil is expected to reach a record volume of corn in the 2021/22 season, estimated at 115.6 million tons, according to a survey released on Thursday (8) by Brazil’s National Supply Company (Conab). The cultivated area in the second crop is likely to reach about 16 million hectares, up 7% from the previous season. Conab revised upward total corn crop projection, which was previously estimated at 112.3 million tons. Now the annual increase is estimated at 32.7%. The second harvest is estimated at 88.5 million tons, up 45.8% from the previous season, which was affected by drought and frost. With greater supply, Conab raised its 2021/22 corn export forecast to 37 million tons, 2 million more than last month and nearly double the previous season. Conab also raised the forecast of corn consumption in Brazil 2021/22 to a record 77.2 million tons, compared to 76.5 million in the previous projection.
Sources: Nova Cana/Reuters (*Translated by Ia Niani)