Brazil's new harvest is expected to exceed the record obtained in the recently concluded season by 4.2%. According to the 1st Survey of the 2020/21 grain harvest released by the National Supply Company (Conab) this Thursday (8), production is estimated at 268.7 million tons, exceeding around 11 million tons the record 257.7 million tons from the last harvest.
The study also points to growth in the cultivated area, in the order of 1.3%. The expectation is that this harvest will cover around 66.8 million hectares, which corresponds to 879.5 thousand hectares more.
Soybean production is estimated at 133.7 million tons and keeps Brazil as the world's largest producer of the oilseed. The total corn harvest is expected to reach 105.2 million tons, also the largest in the historical series – an increase of 2.6% over the previous one.
Continues after form
{module 442}
The area cultivated with rice is expected to increase by 1.6%, but the Conab team estimates that productivity may not be as good as the last harvest. If the reduction of 4.2% in the volume harvested per hectare is confirmed, national rice production will be 10.885 million tons, adjusted to expected consumption. Grain exports, in turn, could decrease by around 400 thousand tons.
Bean production is distributed over three harvests and, for this reason, may have greater adjustments than other crops throughout the year. The stimulus for a harvest is influenced by the results of the previous harvest. Based on current data, Conab estimates production to be similar to consumption. The area may have a small increase, but productivity may decline. In balance, the sum of the three harvests is expected at 3.126 million tons, which would mean a decrease of 3.2% compared to last season.
As for cotton lint, a drop in area and productivity is projected, with production expected to be limited to 2.8 million tons of lint, a reduction of 6.2% over the last harvest.
Export – Even with the difficulties caused by the COVID-19 pandemic, cotton lint exports are heading towards a record. Until September this year, the total exported was 1.2 million tons, 49% more than the accumulated figure for the same period last year. In relation to corn, for the current harvest year, the export forecast was maintained at 34.5 million tons. In September, shipments reached 6.6 million tons, 2.6% more than in the same period last year. For soybeans, the expectation of sales to the foreign market is around 82 million tons for this year; for the next one, around 85 million tons are expected, which would represent an increase of 3.7%. Support would be provided by the exchange rate, which could remain high in the coming months.
Click here for more information on the 1st Survey of the 2020/2021 Grain Harvest.
Source: DATA
READ TOO:
{module 441}
