Brazilian agency Conab estimates a 2022-23 foodgrain output of record 315.8 million tonnes.
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According to the Brazilian National Supply Company, 269.3 million tonnes of grains are expected to be harvested in Brazil in 2021/2022. The most significant volumes will be soybeans and maize.
In 2021 the volume shipped to the Arabs and other major blocs was down. Production this year is expected to increase.
With a lower output of Brazilian maize, buyers like Egypt will need to consider alternatives to import the product. An analyst explains the possibilities for countries in the Middle East and North Africa.
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
National Supply Company estimates 2019-2020 grain output to reach 246.4 million tons, up 18% from the previous crop.
Brazilian minister of Agriculture made the statement this Thursday (28) when the new president of National Company of Supply took office.
According to IBGE’s forecast, the Brazilian grain crop should grow 1.9% in 2019. CONAB, however, indicates the grain production in the period 2018/2019 will reach 234.1 million tons.
