Brazil: Rice production should grow and reach 10.5 million tons in 2024, predicts IBGE

Published 2023년 11월 9일

Tridge summary

According to the Brazilian Institute of Geography and Statistics, rice production in Brazil is expected to increase by 2.5% in 2024, with a higher harvested area and slightly lower average yield. However, bean production is projected to decrease by 3.6% compared to the previous year. Cotton production is also expected to decline by 3.0% with a decrease in planted and harvested areas. Sorghum production is estimated to decrease by 10.0% in most regions, except the Northeast where a slight increase is expected.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil should harvest more rice in 2024, according to data from the first Agricultural Production Prognosis for next year, released this Thursday, 9th, by the Brazilian Institute of Geography and Statistics (IBGE). Rice production should total 10.5 million tons, 2.5% higher than in 2023, with a 4.5% higher harvested area and 1.9% lower average yield. “This production should be sufficient to supply the Brazilian domestic market”, highlighted the IBGE. The first forecast for bean production for 2024 is 2.9 million tons, a drop of 3.6% compared to 2023. The first grain harvest should total 1.0 million tons, while the second bean harvest was estimated at 1.2 million tons, and the third harvest was forecast at 693.1 thousand tons. The estimate for cotton production in 2024 is 7.4 million tons, 3.0% lower than the forecast for 2023. The projection estimates a decline of 0.8% in the area to be planted and the area to be harvested, to 1.7 million hectares. Average income would fall by ...

Source: Mixvale