Browse Data and Analysis

The Brazilian orange crop for Marketing Year (MY) 2023/24 is forecast at 408 million 40.8-kg boxes (MBx) - standard reference, equivalent to 16.5 million metric tons (MMT), a decrease of 1.03 percent compared to the estimate of current crop MY 2022/23 (around 412.3 million boxes or 16.67 MMT), due to the incidence of greening, which has been affecting Brazil’s citrus belt.

Brazil continues to offer excellent export opportunities for U.S. companies. In 2022, Brazil’s imports of consumer-oriented agricultural products were US$5.2 billion, an increase of 20 percent compared to the previous year.

Post revises down MY 2023/24 soybean production to 158.5 MMT due to poor weather outlooks resulting from El Niño, particularly in the Centre West states, which may affect final yields currently projected at 3.507 kg/ha.

MY 17/18 corn production is estimated lower at 83 MMT, due to late-planted safrinha corn, reduced crop inputs, and dry conditions in some states.

On May 21, 2018, hundreds of thousands of Brazil’s nearly 2 million truck drivers began an 11-day strike to protest high diesel prices, a move that slowed Brazil’s economy....

Brazil has finally overcome the worst recession in its history. In 2017, the retail sector responded positively, expanding 0.8 percent.