GRAIN HARVEST SHOULD GROW 27% IN THE NEXT DECADE, SAYS STUDY

Brazil’s grain production is expected to increase 27% in the next decade. The estimate appears in the Agribusiness Projections, Brazil 2019/20 to 2029/30, updated annually based on information covering the period from 1994 to May this year. The study is carried out by the Secretariat of Agricultural Policy of the Ministry of Agriculture, by the Secretariat of Intelligence and Strategic Relations of the Brazilian Agricultural Research Corporation (Embrapa) and by the Department of Statistics at the University of Brasília (UnB). The report points out that Brazilian agriculture has a promising scenario for the next ten years, despite the occurrence of the covid-19 pandemic, which affected some agricultural activities, such as vegetables, fruits and milk. In the projection for the next decade, Brazil will jump from the current 250.9 million tons in 2019/20 (according to a survey by the National Supply Company – Conab -, from May / 2020) to 318.3 million tons, 27% increase in national production. Cotton, second-crop corn and soybeans are expected to continue driving growth in grain production. The grain planted area is expected to expand from 65.5 million hectares to 76.4 million hectares in 2029/30, up 16.7%. Taking into account the total area planted with crops, including grains, sugar cane, cocoa, coffee, orange, fruit and cassava, the country should increase from 77.7 million hectares (2019/20) to 88.2 million (2029/30), up 13.5%.

Source: Revista Dinheiro Rural