The second corn harvest in Brazil exceeds 100 million tons

Published Jul 8, 2024

Tridge summary

Agroconsult predicts that Brazil's off-season corn harvest for 2023/2024 will cover 16.7 million hectares, producing 100.5 million tons, a 10% decrease from the previous harvest but a 4% increase from the pre-Rally estimate. The productivity varies across different states due to weather conditions. Despite a decrease in export estimates, the internal consumption of corn is expected to rise, with ethanol production being a significant factor. The article also discusses the impact of drought and rainfall patterns on the productivity of key states like São Paulo, highlighting the resilience of some states like Maranhão, Piauí, Tocantins, and Minas Gerais.

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

Original content

This is what Agroconsult, organizer of the Harvest Rally, signals at the end of its evaluations for the off-season corn stage, this 2024. The consultancy estimates the 23/24 harvest area at 16.7 million hectares and productivity at 100.6 bags per hectare. The production of 100.5 million tons, despite being 10% below the previous harvest, represents an increase of 4% in relation to the pre-Rally estimate in May, which means more corn available to the market. “Brazil will produce more than 100 million tons of 2nd harvest corn for the second time in its history. When combined with the summer harvest, total production exceeds 126.5 million tons. Even though it is 15.3 million tons smaller than the previous one, it is still a large volume and certainly brings challenges for its flow in a year in which commercialization continues to be delayed”, explains André Debastiani, coordinator of the Harvest Rally. Among the highlights of the estimates refers to the internal consumption of corn. ...

Source: PortalDBO