Safras cuts corn harvest forecast in Brazil by 2%

Published May 25, 2024

Tridge summary

Brazil's corn production for the 2023/24 campaign is projected to decrease by 2% to 123.31 million tons due to drought in Paraná, Mato Grosso do Sul, and São Paulo, as per consulting firm Safras & Mercado. The second corn crop harvest has seen an increase from 86.63 million tons to 83.64 million tons. However, the production estimates for the safrinha corn in Paraná and São Paulo have been reduced by over 1 million tons and 500,000 tons, respectively. The production estimates in Goiás and Mato Grosso have seen an improvement, partially offsetting the losses. The summer corn production estimate remains unchanged at 25,592 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SAO PAULO (Reuters) - Brazil's total corn production in the 2023/24 campaign will reach 123.31 million tons, 2% less than the previous forecast, according to a study by the consulting firm Safras & Mercado, which took into account takes into account the impacts of the drought in Paraná, Mato Grosso do Sul and São Paulo for the winter harvest. Brazil's second corn crop, which is beginning to be harvested in Mato Grosso and Paraná, was estimated at 83.64 million tons, up from 86.63 million in the previous projection. Summer corn production for 2023/24 remains at 25,592 million tons, according to the consultancy. Paulo Molinari, a consultant specializing in corn at Safras & Mercado, said that due to the irregular weather and lack of rain, there was a sharp drop in production expectations in Mato Grosso do Sul. There were also cuts in the production estimate of safrinha corn in Paraná, by more than 1 million tons, and in São Paulo, by more than 500,000 tons. "This loss was partially ...
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