Brazil: Campaign 2023/24 is influenced by losses in productivity

The total grain harvest in the 2023/24 campaign is expected to reach 299.8 million tons, according to the new estimate released in the 5th Grain Harvest Survey of the National Supply Company (Conab). The volume is 6.3% lower than that obtained in the last campaign, which represents 20.1 million tonnes less. When compared with the first estimate of this campaign made by Conab, the current projection shows a decrease of 17.7 million tons. Estimated soybean production is 149.4 million tons, which represents a drop of 3.4% when compared to the volume obtained in the 2022/23 cycle. The delay in the onset of rain in the Central-West, Southeast and Matopiba regions, followed by irregular and poorly distributed rains, with records of summer periods lasting more than 20 days, in addition to high temperatures, are having a negative impact on the performance of cultures. Another important product that has an estimated lower production is corn. The drop in total cereal production is expected ...