Storage infrastructure, the biggest challenge for Brazilian agribusiness

Published Jan 4, 2024

Tridge summary

In 2023, Brazil experienced a record grain harvest of 300 million tons, contributing to export balance and helping to control inflation, but also highlighting a challenge of insufficient storage infrastructure. Despite setbacks from international conflicts and the Covid-19 pandemic, agribusiness in Brazil is thriving, with increased production forecast for soybeans, corn, cotton, sorghum, and beans. The lack of investment in storage infrastructure is a major issue, and incentives from the federal government, such as lower interest rates and tax exemptions, are needed to address this and maintain a competitive and profitable agro market.

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

The year 2023 came to an end with an estimated record grain harvest in Brazil, with an estimated harvest of 300 million tons, 16.5% more than last year, according to the National Supply Company (Conab). The positive balance is that, in addition to helping to control inflation, the scenario contributed significantly to balancing exports. However, despite the celebration by most farmers and rural producers, we are faced with a challenge that needs to be overcome urgently: storage infrastructure. Throughout the year, we had a record harvest of grains, cereals, legumes and oilseeds. Agribusiness is thriving again, after facing setbacks with the start of the war between Russia and Ukraine, in February 2022, and the almost three years of the Covid-19 pandemic. The record volume in crop production is the result of the higher production forecast for soybeans (19.1%), first harvest corn (16.8%), herbaceous seed cotton (2%), sorghum (5.7%) and for first harvest beans (4.9%). First-crop ...

Source: Opresenterural