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Brazil’s MY 2017/18 sugarcane crush is estimated at 645 mmt, a one percent decrease compared to the previous season due to irregular weather conditions in some growing areas....
Record corn production at 93 million metric tons (mmt) and low commodity prices will increase corn stocks in 2017/2018 and could encourage government intervention.
Post forecasts cotton planted area for 2017/18 to increase to one million hectares based on higher prices and domestic demand.
Brazil's limited corn supply is driving domestic prices up and having a significant impact on the pork and poultry sectors.
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), down 6 percent from the previous year as some producer switch to more profitable crops like corn and soybeans.
The Brazilian orange crop for 2016/17 is forecast at 351.7 million boxes, down 14 percent from the previous crop, due to weather-related problems during blossoming and fruit setting.
Agriculture has always played a critical role in Brazil’s economy, serving as a primary source of revenue and central generator of employment.