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Brazil’s economy was forecasted to suffer a sharp drop in 2020; however, the decline was far less than expected. Gross Domestic Product (GDP) declined 4.1 percent, reaching $1.4 trillion.
The Brazilian orange crop for Marketing Year (MY) 2021/22 is forecast at 405 million 40.8-kg boxes (MBx), equal to 16.52 million metric tons (MMT), an increase of 12 percent relative to the current season.
Post forecasts 2021/22 planted cotton area at 1.52 million hectares (ha), with production at 12.6 million bales (2.74 million metric tons – MMT), more than a 10 percent greater than the 2020/21 estimated production of 10.68 million bales (2.33 MMT).
Brazil is the second-largest producer of biotech crops in the world with 115 events approved. Post forecasts the total area planted to GE crops reached over 56 million hectares during the recently completed crop year of 2020/2021. Adoption rates for...
Post forecasts dairy production to increase by 2 percent in 2020, mostly driven by higher exports of dairy products and an increase in domestic demand attributed to economic improvement.
Post forecasts dairy production to increase by 2 percent in 2020, mostly driven by higher exports of dairy products and an increase in domestic demand attributed to economic improvement.
MY 2018/19 corn production is estimated at a record 101 MMT, 23 percent higher than the previous harvest, based on record area and yields.
Brazil’s Marketing Year (MY) 2019/20 sugarcane crush has been revised upward to 635 million metric tons (mmt) due to favorable weather conditions in the Center-south and the Northeastern....
Post forecasts soybean planted area at 36.5 million hectares in 2019/20, up negligibly on the 36.2 million hectares sown for the past crop.
The Brazilian economy continues to grow at a modest pace.