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This voluntary report includes additional information to the Export Section of the Brazilian Sugar Annual Report - BR2020-0012 submitted on April 14, 2020.
Brazil’s Marketing Year (MY) 2020/21 sugarcane crush is estimated at 650 Million Metric Tons (mmt), virtually unchanged from MY 2019/20 crop (647 mmt).
Prices for major Brazilian row crops, including soybeans, corn, rice, and wheat, all hit record highs in nominal value in recent weeks.
Post lowers its MY 19/20 corn production forecast to 100 MMT due to poor yields in the Rio Grande do Sul crop; post also lowers its forecast for 19/20 consumption by 1 MMT, to 67 MMT...
Post forecasts cotton planted area at 1.7 million hectares in the 2020/21 marketing year (MY), up from 1.68 million hectares in 2019/20 MY. Production is forecast to increase to 13.5 million bales...
Brazil is a leading oilseed producer in the world, and is projected to retain its position this season and next, despite the global economic turmoil due to the coronavirus pandemic.
In 2019, Brazilian food industry sales amounted to R$699 billion (US$177 billion), an increase of seven percent compared to the previous year.
Brazil is likely to set another record in chicken production and exports in 2020 despite current uncertainties surrounding the impact of Coronavirus (COVID-19) on the world economy.
Post forecasts beef production in 2020 at 10.5 million metric tons, which is an increase of 3.4 percent.
Despite Brazil’s recent economic crises, plenty of new craft beer breweries opened in the last decade, offering alternatives to the mass-produced brands.
Post’s forecast for MY 2019/20 corn production is 101 MMT, matching the MY 2018/19 volume.
In 2019/20, Brazil is forecast to reap a record soybean cop of 124.5 million metric tons (mmt).