Conab raises Brazil’s record grain harvest

Brazil is expected to harvest a record 317.5 million tonnes of grains for the 2022-23 cycle, which is 44.9 million tonnes (16.5%) more than the previous year, according to the 10th Grain Harvest Survey by Conab, the country’s food supply and statistics agency.

According to the report, the area dedicated to planting demonstrates a growth of 4.9% compared to the 2021/22 cycle, reaching 78.2 million hectares. Productivity has also seen a rise of 11.1%, averaging 4,060 kg per hectare. These figures represent a slight adjustment of 0.1% and 0.4%, respectively, compared to the figures released in June.

Soybeans continue to dominate the national agribusiness, with an estimated harvest of 154.6 million tonnes. Although this number is 0.8% lower than last month’s projection, it still represents an impressive 23.1% increase compared to the previous season’s production.

The chart below shows Brazil’s soybean exports between Jan 2019 and May 2023, according to the DataLiner service.

Brazilian soy exports | Jan 2019 – May 2023 | WTMT

Source: DataLiner (click here to request a demo)

Corn production is also expected to achieve a new record, reaching 127.8 million tonnes across the three harvests expected for the grain, a substantial 12.9% growth from the 2021/22 volume. This projection has been revised upward by 1.6%.

In detail, the first corn crop is estimated to yield 27.4 million tonnes, while the second crop is projected to reach 98 million tons. The third crop, cultivated in select states, is anticipated to contribute 2.4 million tonnes to the overall harvest.

The chart below shows Brazil’s corn exports between Jan 2019 and May 2023, according to the DataLiner service.

Brazilian Corn exports | Jan 2019 – May 2023 | WTMT

Source: DataLiner (click here to request a demo)

Cotton production is forecasted at 3 million tonnes, reflecting an increase of 30,000 tonnes compared to the previous projection in June. This represents a remarkable growth of over 450,000 tonnes from the previous cycle.

Rice production, on the other hand, is expected to reach 10 million tonnes, indicating a decline of 7% compared to the previous year. Meanwhile, the estimate for bean production stands at 3.1 million tonnes, reflecting a growth of 2.5%.

Among the winter crops, wheat leads the pack with an estimated production of 10.4 million tonnes, marking a 6.7% increase from Conab’s June estimate. However, the final harvest will still be 1.2% lower than the previous year’s output.

Source: Globo Rural

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