IBGE forecasts a harvest of 246.7 million tonnes in 2020, up 2.2% from a year ago.
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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.
Mato Grosso climbed from the Brazil’s sixth to third’s largest suppliers to the Arab countries. Corn, soy and beef exports were up.
Sales from Brazil to the region fetched USD 892 million in July. Saudi Arabia, Egypt, and the United Arab Emirates are some of the leading buyers.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
The National Supply Company sees output potentially reaching 95 million tons in the 2018/2019 season.
The Brazilian National Company of Supply and IBGE have released their projections for the crops. Both expect growth.
Last month saw USD 7.25 billion worth of products shipped from Brazil.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 231-million-ton harvest next year, up 1.7% from this year.
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.
The National Supply Company (CONAB) released its forecast for the 2018/2019 harvest, expecting an increase between 2.5% and 4.5% over the previous period.
Foreign sales of basic goods rose 2.7% in September, while sales of other items dropped 7%, according to Fundação Getulio Vargas (FGV).
Brazil’s National Supply Company (Conab) estimates that 238.5 million tons of grains will be harvested in the 2018/2019 season.
