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Brazil’s MY 2016/17 sugarcane crush is estimated at 680 mmt, a two-percent increase compared to the previous season due to good weather conditions that favored steady development of sugarcane stocks.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.
Post forecasts cotton planted area for 2016/17 to increase to 980,000 hectares based on higher domestic prices and export demand.
The weak Brazilian currency and high inflation, fueled by an uncertain political atmosphere, will have a large impact on all producers in Brazil.
Excise Tax on Industrialized Products (IPI) on alcoholic beverages was changed from an ad rem to an ad valorem system.
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), but consumption is down slightly due to higher prices.
In 2014, Brazil imported US$ 2.8 billion in intermediate products and US$4.6 billion in consumer-oriented products.
This report outlines regulatory requirements for food and agricultural product imports into Brazil, including import procedures.
Post reduced its 2015/16 production forecast to 98 million metric tons (mmt). Dry and hot weather in central and northeast Brazil is having an impact in the progress of the crop.
The Brazilian orange crop for 2015/16 is forecast at 410 million 40.8-kg boxes, a 10 MBx increase compared to the previous season.