Rio de Janeiro – In September, the Brazilian Institute of Geography and Statistics (IBGE) revised down its grain crop forecast by 0.2%. According to the Systematic Agricultural Production Survey, the forecast was 187 million tonnes, down 347,700 from the August estimate.
Despite the decline in September from August, the crop this year should be up 15.5% from 2012’s 161.9 million tonnes. The crop forecast was also revised down in August, by 0.3% from July, a rate equivalent to a reduction of 634,400 tonnes.
Output in the three main crops should be up in 2013 from 2012: soya (23.8%), maize (13.2%) and rice (2.7%). Output should increase for fifteen of the 26 products surveyed by the IBGE compared with last year, highlighting sugarcane (6.9%), 2nd crop beans (18.8%), 3rd crop beans (4.2%) and wheat (10.3%). Output should decline for eleven products, including cottonseed (-31.4%), Arabica coffee bean (-4.5%), Canephora coffee bean (-14.2%), 1st crop beans (-8.6%), oranges (-14.6%) and manioc (-10.6%).
*Translated by Gabriel Pomerancblum
