The 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
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Brazilian agency Conab estimates a 2022-23 foodgrain output of record 315.8 million tonnes.
IBGE estimates that the 2023 cereal, legume and oilseed crop could increase by 12.6%. Soybean production is the main highlight.
Harvest to reach 236 million tonnes in 2019, 9.5 million tonnes more than last year.