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Post forecasts that Marketing Year (MY) 2024/25 planted area will expand at a slower growth rate, reaching 45.6 million hectares (ha). Post forecasts MY 2024/25 production at 157.5 million metric tons (MMT), 4.9 MMT more than the revised estimate in MY 2023/24.
Brazil is the second-largest chicken meat producer in the world after the United States, and the largest chicken meat exporter in the world.
Brazil is currently at the bottom of the cattle cycle, liquidating inventories since 2023. The oversupply of cattle for slaughter has led to a slow price recovery and longer-term impact to the replacement market.
Post forecasts 2018/19 soybean production at 115 million metric tons (mmt), the second largest crop on record.
Brazil’s MY 2018/19 sugarcane crush is estimated at 628 mmt, a decrease of 11 million metric tons compared to the previous crop, mostly due to below average crop management and slower stock....
MY2017/18 corn production is forecast lower at 89 million metric tons (MMT), based on reduced area for first and second-crop corn and an expected return to average yields.
Post forecasts cotton planted area for 2018/19 to increase to 1.2 million hectares, the highest level since 2012, based on higher prices and domestic demand.