Brazil: Estimated reduction in grain production 2023/2024

Grains, Cereal & Legumes
Sustainability & Environmental Impact
Market & Price Trends
Published Apr 23, 2024

Tridge summary

The National Supply Company (Conab) in Brazil has forecasted a significant 8% decrease in grain production for the 2023/2024 season, totaling an estimated 294.1 million tons, which is 25.7 million tons less than the previous season. This decline is largely due to the detrimental effects of the El Niño phenomenon, which has adversely affected crop development stages across Brazil's agricultural regions. Despite a stable cultivation area of 78.53 million hectares, soybean and corn productions are expected to fall by 5.2% and to 110.96 million tons, respectively. The report also notes that 76.4% of the harvest in major producing states is already complete.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The seventh estimate of grain production for 2023/2024, released by the National Supply Company (Conab), points out that grain production in the country is expected to reach a total of 294.1 million tons, which represents a reduction of 8% compared to last season, that is, 25.7 million fewer tons to be harvested. With a stable area, estimated at 78.53 million hectares, the drop is mainly due to the effects of the El Niño phenomenon, which in 2023 had a negative influence from the beginning of sowing to the development phases of crops in the producing regions. from the country. With harvesting work advanced in the main producing states, reaching around 76.4% of the cultivated area in the country, the estimated soybean production is 146.52 million tons, a reduction of 5.2% compared to the previous campaign . This reduction is due to low rainfall and above-normal temperatures. The main crop cultivated in the second harvest, corn has a ...
Source: 3tres3
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