Brazil to cut record grains production: CONAB
According to estimates released on Oct. 7 by Brazilian National Supply Company Companhia Nacional De Abastecimento (CONAB), the country is anticipating record total grains production this year with output forecast to increase by 14 percent to 288.61 million tonnes. In its first survey of the 2021-22 grain crop, it said that the planted area for all grains is forecast to increase 3.5 percent to 71.5 million hectares and this growth is mainly driven by soybean and second harvest corn crops. As per it, soybean acreage and production are expected to rise with a 2.5 percent jump in planted area to 39.91 million hectares and output reaching 140.75 million tonnes which keeps the country as the world’s largest producer. It further said, soybean planting already has started in the key producing regions and is ahead of last year’s pace. Corn production is also forecast to increase, with planted area up 1.6 percent to 4.41 million hectares for the first crop and output pegged at 28.3 million tonnes. CONAB expects total corn production after the three harvests in 2021-22 to reach 116.3 million tonnes. As for wheat, CONAB expects an increase in production combined with an increase in domestic consumption of 3.8 percent for this new crop.