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Post forecasts beef production in 2020 at 10.5 million metric tons, which is an increase of 3.4 percent.
Despite Brazil’s recent economic crises, plenty of new craft beer breweries opened in the last decade, offering alternatives to the mass-produced brands.
Post’s forecast for MY 2019/20 corn production is 101 MMT, matching the MY 2018/19 volume.
In 2019/20, Brazil is forecast to reap a record soybean cop of 124.5 million metric tons (mmt).
Brazil is the second-largest producer of biotech crops in the world with a total of 107 events approved.
Post revised the 2015 outlook for production, consumption and exports of beef and pork, respectively.
Post maintains the 2018/19 marketing year (MY) forecast of just over 36 million hectares (ha) of area planted, but the soybean production forecast is reduced to 115.5 million metric tons (mmt).
Chicken meat production is forecast to grow 1.8 percent in 2019 to nearly 13.6 million metric tons.
This report identifies Brazil’s import requirements for foreign export certificates.