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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.
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.