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

Published Feb 15, 2024

Tridge summary

Brazil's National Supply Company (Conab) has forecasted a 6.3% decrease in the total grain harvest for the 2023/24 campaign, with an expected yield of 299.8 million tons. This decline is due to irregular and delayed rainfall in crucial areas, coupled with high temperatures. Key crops such as soybeans and corn are expected to see a drop in production by 3.4% and 18.2 million tons respectively.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

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 ...
Source: 3tres3
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