Brazilian grain production is expected to be 251.4 million tons in the 2019/2020 harvest. The record performance in agriculture is mainly due to the soybean and corn harvests, responsible for around 88% of production. The data are contained in the 10th Grain Survey carried out by the National Supply Company (Conab) and released this Wednesday (08). In this harvest, Conab estimates the largest harvest ever recorded for oilseeds, with a production of 120.9 million tons. The good result was obtained, despite the climatic problems registered mainly in Rio Grande do Sul, with a national average productivity record higher than that of the last harvest. The reflection of good production can be seen in exports of the product. In the first half of this year, the country exported 60.3 million tons of grain, an increase of 38% compared to the same period last year. The increase in the dollar exchange rate against the real contributed to this number, increasing the competitiveness of the Brazilian product in the international market. Soy and other agribusiness products contributed to a balance of approximately US $ 36 billion in the trade balance, something around R $ 190 billion. Corn production is also expected to be the highest on record. With the harvest carried out in 25% of the 2nd cereal harvest, the expectation that Brazil will have a production exceeding 100 million tons.
Source: Universo Agro / DATAGRO