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Post forecasts that the cattle herd will grow four percent in 2021 and 2022, while beef production is forecast to decrease six percent in 2021, reaching 9.5 million tons Carcass Weight Equivalent (CWE), but increase two percent in 2022.
The Brazilian orange crop for Marketing Year (MY) 2019/20 is forecast at 382.8 million 40.8-kg boxes (MBx) or 15.6 million metric tons (MMT), a decrease of 19 percent relative to the previous season.
While the Brazilian economy has faltered as a result of the widespread effects of the COVID-19 pandemic, most of the country’s agricultural sector has thrived.