Cereal, legume and oilseed production is expected to reach 302.1 million tonnes in the Latin American country this year, up 14.8% from 2022.
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Brazilian cereal, legume and oilseed output is expected to reach an all-time record in 2022, up 8.7 million tonnes from 2021, IBGE reported. Maize drives the result up.
According to the Brazilian minister of Agriculture, the sector’s confidence in the prices of agricultural products could drive a record harvest of 291 million tonnes.