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Today is Wednesday - Agost/23/2017
Brazil forecasts record grain harvest: 242.1 million tons; Increase of 31.1%

Brazil forecasts record grain harvest: 242.1 million tons; Increase of 31.1%

The July estimate for the national grain crop is again a record.

It indicates that total production of cereals, legumes and oilseeds is expected to reach 242.1 million tonnes this year, up 31.1% from 2016 and 0.7% compared to the June forecast.
The figures are part of the Systematic Survey of Agricultural Production published today (10), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE). The data indicate that - when compared to last June - production projections increased by 1.8 million tonnes. In 2016, the harvest reached 184.7 million tons, which represents 57.4 million tons less than that of this year.
The estimate of the area to be harvested rose 7.1% compared to the total of 2016, from 57.1 million hectares last year to 61.1 million hectares. Record production is expected for soybeans (115 million tons) and corn (99.4 million tons).
The production of rice, corn and soybeans, the three main products of the crop, represents 93.6% of the production estimate and 87.9% of the area to be harvested this year. In relation to 2016, there were increases of 2.3% in the area to be harvested from soy, 18.4% in corn and 4% in rice. Soybean production increased by 19.7%, rice by 16.3% and corn by 56.1%.
According to IBGE researcher Carlos Antonio Barradas, the growing increase in production estimates stems from the rainy climate "that benefited crops, unlike in 2016, when rainfall was scarce, especially in the cerrado."
Another factor that stimulated production was the rise in prices, leading to an increase in the area planted to various crops. "The high prices of the main products of Brazilian agriculture, during the planting season of the current crop (summer and second harvest), notably soybeans, corn, rice and beans, encouraged producers to expand planted area and invest in more Production, "said Barradas.
Positive impact on the economy
The result of Brazilian agriculture this year, according to the IBGE researcher, "brings positive economic impacts internally and externally to the country." According to him, "increases in rice, beans, onions and potatoes are important factors in containing the inflation index."
It also emphasizes that the increase in soybean, corn, coffee and orange production is also important insofar as these products are Brazilian exports and, indirectly, have an impact on other crops. "This is the case of soybeans and corn, whose record harvests contribute to the reduction of costs in the production of pork and chicken, other important products on the agenda of Brazilian exports," he says.
According to the researcher, "the increase in the supply of food for domestic consumption and for exports should contribute to the reduction of inflation, as well as to increase Brazilian revenues from agribusiness exports."
Coffee crop surprises
The grain crop of 2017 brings a favorable novelty in coffee production "that surprises and falls back less than expected," said the researcher.
Particularly in the case of coffee, which presented a reduction of 7% in relation to 2016, it was a good surprise for IBGE. According to Barradas, the harvest, estimated at 2.8 million tons, is considered positive.