Rio de Janeiro – Cereal, legume and nut production to reach 236 million tonnes by the end of 2019. The estimate is from the June Systematic Survey of Agricultural Production (LSPA) made public this Thursday (11) by the Brazilian Institute of Geography and Statistics (IBGE).
The estimate forecast a crop 4.2% larger than last year, which means a 9.5 million tonnes increase in production. Compared to May estimate, it grew by 0.6%, or 1.3 million tonnes more than forecasted that month.
Out of the three main grain crops, only corn production is expected to increase over 2018 (17.1%). Soy is expected to see a 4.5% decrease. In turn, rice is expected to decrease 11.2%.
The National Supply Company (Conab) also made public its 10th 2018/2019 Grain Crop Survey, saying that Brazil will hit a new record high in production around 240.7 million tonnes. The growth forecast is 5.7%, which represents 13 million tonnes higher than the 2017/18.
IBGE works with regular years, while Conab issues data concerning crop-years.
Translated by Guilherme Miranda