News

February estimate drops by 1.3 percent with drought in Rio Grande do Sul in Brazil, but 2023 crop will still be a record

Soybean
Maize (Corn)
Brazil
Published Mar 9, 2023

Tridge summary

The Brazilian crop of cereals, legumes and oilseeds should reach a new record in 2023, totaling 298.0 million tons, according to the February estimate of the Systematic Survey of Agricultural Production (LSPA), released today (09) by the IBGE. The value is 13.3% or 34.9 million tons greater than the harvest obtained in 2022. In relation to January, the estimate recorded a reduction of 1.3% (3.9 million tons), the first drop since the beginning projections for 2023. Even so, the expectation is for record production of soy and corn in the year. The area to be harvested should be 75.8 million hectares, showing growth of 3.5% compared to the area harvested in 2022, an increase of 2.6 million hectares. In relation to the previous month, the area to be harvested increased by 36,592 hectares (0.0%). “In 2022, we saw a sharp drop in the soybean crop. In 2023, the product is recovering, with an increase of 21.3%.

Original content

The Brazilian crop of cereals, legumes and oilseeds should reach a new record in 2023, totaling 298.0 million tons, according to the February estimate of the Systematic Survey of Agricultural Production (LSPA), released today (09) by the IBGE. The value is 13.3% or 34.9 million tons greater than the harvest obtained in 2022. In relation to January, the estimate recorded a reduction of 1.3% (3.9 million tons), the first drop since the beginning of the projections for 2023. Even so, the expectation is for record production of soybeans and corn in the year . The area to be harvested should be 75.8 million hectares, showing growth of 3.5% compared to the area harvested in 2022, an increase of 2.6 million hectares. In relation to the previous month, the area to be harvested increased by 36,592 hectares (0.0%). “In 2022, we saw a sharp drop in the soybean crop. In 2023, the product is recovering, with an increase of 21.3%. In addition, the corn crop is once again breaking a production ...
Source: Ibge
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