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Post decreases the Brazilian coffee production for Marketing Year 2023/24 (July-June) to 66.3 million 60-kg bags, based on a projected decline in robusta/conilon production. Post forecasts arabica production at 44.9 million bags, a 12.8 percent increase over the previous season, due to an increase in planted area and higher yield.
Brazil has recently started planting its corn crop for the 2023/24 season. However, due to high production costs and lower expected earnings, profit margins are under pressure. As a result, Post predicts a decrease in planted area, with production for the next season estimated to drop from 135 MMT (MY 2022/23) to 130 MMT (MY 2023/24).
This report identifies Brazil’s import requirements for foreign export certificates.
The cabinet restructure under the administration of President Jair Bolsonaro had a low impact for exporters of agricultural goods.
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 economy grew by 1.1 percent in 2018.
Brazil is forecast to overtake the United States as the leading soybean producer in the world during the 2019/20 season.