The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 231-million-ton harvest next year, up 1.7% from this year.
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Foreign sales by the industry amounted to USD 8.48 billion. Soy was the top seller at USD 2.62 billion shipped out, up 78.8% from a year ago.
Brazil’s National Supply Company (Conab) estimates that 238.5 million tons of grains will be harvested in the 2018/2019 season.
According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil produced 238.4 million tons of cereals, legumes and oil seeds, a 28% hike over the previous year.
Its first-ever international unit will cover the Middle East and North Africa. By 2020, the cooperative expects to double its sales to Arab countries.
The National Supply Company (Conab) said 2017-2018 grain and oilseed output is poised to reach 232.6 million tons, which would be second only to the preceding crop season.
