Brazil’s IBGE predicts agricultural crops will break all time record in 2020

According to the Systematic Survey of Agricultural Production (LSPA), released today, January 8th, by Brazil’s Statistics and Geography Instituge, the IBGE, the crops of grains, cereals and legumes in 2019 and 2020 should set two consecutive records, reaching all-time highs. The harvests should reach 241.5 million tons in 2019, and 243.1 million tons in 2020, exceeding the previous record set in 2017 at 238.4 million tons.

There should be a growth of 1.7 million tons (0.7%) in 2020 compared to 2019. Looking at the five most important products for the next crop, only corn has had its estimate lower than in 2019, with a 10.4% drop. Other crops have all had increases forecast, such as cotton (2.7%), beans’ 1st crop (3.3%), rice (0.9%), corn‘s first crop (1.8%) and soybeans (7.8%). Worth noting that soybeans is estimated to set a new record in the IBGE historical series.

The survey also provided estimates for the planted area and most crops will see increases, such as cotton (7.1%), beans’ 1st crop (2.1%), soybean (2.3%) and corn’s 1st crop (1.9%). Paddy rice will see a decrease of 2.1%, while corn’s 2nd crop will remain the same as the previous year.

Sharing is caring!