News

Once again, El Niño worries grain producers in Brazil and threatens the results of the 2023/2024 harvest

Grains, Cereal & Legumes
Brazil
Sustainability & Environmental Impact
Market & Price Trends
Published Feb 20, 2024

Tridge summary

The El Niño climate phenomenon is predicted to significantly impact Brazil's 2023/2024 soybean and corn harvests, with a potential decrease in production. The soybean harvest could be 20 million tons lower than expected, and corn crops could face losses of over 20%. In response, the Brazilian Agriculture and Livestock Confederation has proposed a plan to the Ministry of Agriculture and Livestock, focusing on rural credit, agricultural policy instruments, and risk management. Despite these challenges, the Federation of Agriculture and Livestock of the State of Maranhão emphasizes the importance of their grain production in maintaining Brazil's leading role in commodity production, ensuring food quality, preserving jobs, and supporting related production chains.
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

It is not new that the El Niño climate phenomenon has haunted rural producers around the world, altering the rainfall regime and causing the lack of rain to have a harsh impact on the countryside, especially on grain crops. According to Aprosoja Brasil, the 2023/2024 soybean harvest, for example, is estimated at 135 million tons, a number that is 20 million tons lower than expected by the National Supply Company (Conab) – which announced that the harvest would be 155.3 million tons. Continuing the worrying forecasts, the fifth survey by consultancy Datagro estimated Brazil's soybean harvest at 148.55 million tons; 2.8% less than the previously released survey. In Maranhão, the news is also not so encouraging. The most important crop in the state, soybeans occupy, according to the IBGE forecast for 2024, an area of approximately 1.2 million hectares, producing, on average, 3.2 tons per hectare, a projection that was estimated at 3 .8 million tons. But El Niño is expected to ...
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