Harvest 2024 will have greater production of cotton, beans, rice and wheat, says IBGE

Rice

Grains, Cereal & Legumes

Brazil

Market & Price Trends

Published Mar 13, 2024

Tridge summary

Brazil's agricultural production in 2024 is projected to see a mixed trend, with an increase in the harvest of rice, beans, cotton, and wheat, but a decrease in soybeans, corn, and sorghum, according to the Brazilian Institute of Geography and Statistics. The total production of cereals, legumes, and oilseeds is expected to drop by 4.7% from 2023, reaching 300.7 million tons. However, the harvested area is anticipated to slightly increase by 0.2%, covering 78 million hectares.

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

Brazil is expected to harvest more rice, beans, cotton and wheat in 2024, but less soybeans, corn and sorghum. The data comes from the February Systematic Survey of Agricultural Production, released by the Brazilian Institute of Geography and Statistics (IBGE). The production of cereals, legumes and oilseeds is expected to total 300.7 million tons in 2024, a drop of 4.7% compared to 2023, 14.7 million tons less. For the year 2024, soybean production is expected to decline by 1.8%, while sorghum production is expected to shrink by 14.0%. The expectation is for corn production to be 10.8% lower, due to reductions of 9.6% in 1st harvest corn and 11.2% in 2nd harvest corn. On the other hand, increases are expected, in relation to the 2023 performance, in the production of herbaceous cotton (5.6%), rice (1.3%), beans (8.1%) and wheat (24.2%) . The estimate for soybeans is that it will reach a production of 149.3 million tons in 2024. Corn should total 116.9 million tons, with 25.1 ...

Source: CanalRural