Brazil raises crop production estimates again

Brazil’s “Valores Económicos” newspaper (Nov. 9) reports that the Brazilian National Supply Company (Conab) has raised its crop yield forecast for Brazil once again. Average crop yields are expected to increase by 12 percent to 4,075 kilograms per hectare due to expected good weather.

For the 2022/23 season, soybean production is expected to reach a record 154 million tons, an increase of 22.3% compared to the previous season. Maize production is forecast to decline at 126 million tons, but still up 12% from the 21/22 season. Wheat production will reach 9.5 million tons, an increase of 23.7% compared to the previous season. Cotton and rice harvests are both expected to be slightly lower, at 2.9 million tons and 10.6 million tons, respectively.

Source: Economic and Commercial Section, Embassy of the Federative Republic of Brazil

Post time: Nov-18-2022