GRAINS: ESTIMATING TOTAL 2020/21 CROP IS 252.3 MILLION TONS, CONAB SAYS

The production of grain in Brazil closes the 2020/2021 season with an estimated volume of 252.3 million tons, a decline of 1.8% from the previous season and 4.7 million tons from the last forecast. The survey was released on Thursday (9) by the Brazilian government’s food supply and statistics agency (Conab). Total corn production is estimated at 85.75 million tons, a 16.4% decrease from last season (102.5 million tons). The first crop has been harvested and the second crop is 86.9% completed by the end of August. Soybean production is estimated at 135.9 million tons, an increase of 8.9% from last season, which is a record. Rice production is also positive and is estimated at 11.75 million tons, a 5% increase from the previous season.

Sources: Agro Universe/DATAGRO (*Translated by Ia Niani)