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Brazil is one of the largest global producers and consumers of edible dry beans.
After the longest recession in history, Brazil was predicted to kick-start economic growth in 2018.
MY 2018/2019 corn production is forecast at a record 101 million metric tons (MMT), 25 percent higher than MY 2017/2018 production and 2.5 MMT larger than the previous record harvest in MY 2016/2017.
On March 23, 2016, legislation was signed into law to increase Brazil’s biodiesel-use mandate from the current 7 percent, to 10 percent by 2019.
Post forecasts both beef and pork production to continue to increase in 2016 to 9.6 million metric tons and 3.6 million metric tons, respectively.
Post increased its forecast for Brazil’s 2015/16 soybean production to a record 100 million metric tons (mmt).
Post revised broiler production to increase by 3 percent in 2016 to 13.5 million metric tons (MT) from the record production level of 13.1 million MT last year.
This fact sheet is intended to provide a brief overview of Brazil’s agricultural economic situation, including: general economic indicators, social class distribution, land use...