Brazil’s grain production set to grow 27% over the next decade
Oct, 30, 2024 Posted by Sylvia SchandertWeek 202441
Driven by productivity gains and the conversion of degraded lands, Brazil’s grain production is expected to grow 27% over the next decade compared to the 2023/24 harvest. The country is projected to produce 378.95 million tonnes, according to a study by the Ministry of Agriculture in partnership with Embrapa, Brazil’s state-owned agricultural research company.
During this period, the planted area is expected to expand by 15.5%, reaching 92.2 million hectares.
The crops with the largest growth in planted area are soybeans (25.1%), winter corn (24.9%), wheat (18.4%), rice (20.3%), and beans (38.1%).
“It’s important to consider that a significant portion of the planted area growth will be supported by the Program for the Recovery of Degraded Lands, offering favorable credit lines for the productive regeneration of low-yielding areas,” said in a statement the Ministry of Agriculture’s Director of Economic Analysis and Public Policies, Silvio Farnese.
Soybeans will continue to lead in production among grains. The study estimates that soybean production could reach 199.4 million tonnes, an increase of 52 million tonnes.
The chart below uses DataLiner-derived data to compare each month’s soy export volume at Brazilian maritime ports in the period comprising the first eight months of the year between 2021 and 2024. Readers may request a demo at Datamar’s website, linked below.
Soy Exports from Brazil | Jan 2021-Aug 2024 | WTMT
Total corn production is expected to reach 153.1 million tonnes, a growth of 32.3%, with most of this increase occurring in the winter crop.
CONAB (National Supply Company) also projected that chicken meat production will reach 19.5 million tonnes in 10 years, an increase of 26.4%. Pork production is expected to grow 27.5%, reaching 6.84 million tonnes, while beef production is projected to rise 10.2%, to 11.26 million tonnes.
Source: Valor Internacional
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