Brazil: Grain production may increase 15% in the 2022/23 cycle

Published 2023년 4월 13일

Tridge summary

Brazil's grain production for the 2022/23 cycle is estimated to reach 312.5 million tons, marking a 40.1 million tons increase from the previous year, as reported by the National Supply Company (Conab). This growth is attributed to both an expansion in planted area and enhancements in crop productivity. Soy remains the leading harvested product, followed by corn, sorghum, and rice. However, the final figures depend on the climate conditions. Additionally, the forecasted export figures for soy and internal consumption estimates for soy oil have been adjusted due to Brazil's energy policy Decision. The loss of Argentina's oilseed crop is anticipated to boost soybean meal shipments abroad.

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Original content

Photo: CNA / Wenderson Araujo / Trilux / Agência Brasil Grain production in Brazil in the 2022/23 cycle is estimated at 312.5 million tons, an increase of 40.1 million tons when compared to the 2021/22 period. The high is 15%, according to the National Supply Company (Conab). This Thursday (13th), the agency released, in Brasília, the 7th Grain Harvest Survey, the moment in which producers enter the final phase of harvesting first-crop crops. Regarding the planted area, Conab expects growth of 3.3%, with the incorporation of 2.5 million hectares, reaching 77 million hectares used. “The good performance is explained not only by the increase in area, but also by the improvement in the productivity of crops such as soy, corn, cotton, sunflower, castor bean and sorghum. However, the consolidated result still depends on climate behavior, a preponderant factor for the development of second and third harvest crops”, explained Conab. Soy is still the product with the highest volume ...

Source: Noticias