Favorable weather a boost to Brazil grain production forecasts

11.01.2017

Brazil, which is the world’s largest soybean exporter, also anticipates a strong soybean crop, according to Conab.
 
Forecasts for favorable weather are expected to boost total grain production in Brazil to 215.3 million tonnes in 2016-17, up 15% from 186.7 million tonnes in 2015-16, according to Companhia Nacional de Abastecimento (Conab), Brazil’s government agency.

“The increase is due to better average agricultural yields, which are recovering from the negative climate conditions last year,” Conab said.

Total area is expected to increase by 1.3% in 2016-17, rising to 59.1 million hectares.

Brazil, which is the world’s largest soybean exporter, also anticipates a strong soybean crop, according to Conab. The country is expected to produce a record 103.8 million tonnes in 2016-17 behind favorable weather.

Conab said first-crop maize is expected to reach 28.4 million tonnes in 2016-17, up nearly 10% from 2015-16, while first-crop beans were forecast at 1.3 million tonnes, up 26% from a year ago. The forecast for rice was raised nearly 10% to 11.6 million tonnes, Conab said.

Conab said end of the winter harvest wheat production grew 21.5% to 6.7 million tonnes, while barley grew 42.5%.


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