Brazil will harvest 21.2 million tonnes less in 2023-24 compared to the previous crop cycle particularly due to losses caused by climate problems. Corn and soybean are the most impacted.
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The 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
Companies Bahri and SALIC formed a joint venture to build a terminal with capacity to store as much as 3 million tons of grain per year.
The Brazilian Institute of Geography and Statistics (IBGE) reported that cereal, legume and oilseed output will amount to 250.5 million tons in 2020, up 9 million tons from 2019.
National Supply Company estimates 2019-2020 grain output to reach 246.4 million tons, up 18% from the previous crop.
Harvest to reach 236 million tonnes in 2019, 9.5 million tonnes more than last year.
