The Brazilian Institute of Geography and Statistics (IBGE) points to an average corn crop in 2022. The February forecast predicted a total crop of 108.7 million tons, a 23.9% increase compared to 2021, when production dropped. “After a large drop in production in 2021, the effects of the delay in the second crop planting and the lack of rain in the main producing states, a normal year is now expected, which will allow for the recovery of crops, including reaching a new national record level”, said IBGE. The February LSPA points to a production of 25.6 million tons in the first corn crop, a slight drop of 0.1%. The second-crop corn production was much hit by the planting delay and by the drought last winter, its production is estimated at 83.1 million tons, a slight increase of 0.5% in relation to the January forecast. The projection suggests a jump of 33.8% in relation to 2021.
Sources: Agência Estado/Nova Cana (*Translated by Ia Niani)