Browse Data and Analysis

Post forecasts that Brazilian producers will expand soybean planted area to reach 45.2 million hectares (ha) in 2023/24 season, up from the estimated 43.5 mn ha planted in the 2022/23 season.

Brazil’s Marketing Year (MY) 2023/24 sugarcane crop is forecast to reach 661.4 million metric tons (MMT), which is 6.5 percent larger than MY 2022/23, because of favorable weather conditions and high sugar prices.

Brazilian corn and wheat productions continue to exceed expectations, setting record-breaking harvests. In contrast, Brazil is expected to produce its lowest rice crop in 25 years due to a period of prolonged drought in the south and low profitability for farmers.

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.