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Post increased its forecast for soybean planted area to 40.5 million hectares for 2021/22, up from 39 million hectares in 2020/21.
Post estimates milk production in 2021 will decrease by 0.5 percent, to 24.85 million metric tons (MMT). In 2022, production is forecast to grow one percent, reaching 25.1 MMT.
Brazil’s Marketing Year (MY) 2021/22 sugarcane crop is estimated at 590 million metric tons (MMT), a decrease of ten percent compared to the final estimate for MY 2020/21 (657 MMT).
Post forecasts 2021/22 corn harvest at a record 118 million metric tons (MMT), up nearly 40 percent on the disappointing 2020/21 harvest estimated at 85 MMT.
In 2020, the Brazilian Food Service industry was severely impacted by COVID-19 and its turnover was BRL 365 billion (US$70.8 billion), a reduction of 21 percent compared to 2019.
In August 2020, Brazilian lawmakers submitted to Congress a draft bill allowing Brazilian farmers to grow Cannabis for medical and industrial purposes.
Total ethanol production for 2020 is estimated at 31.35 billion liters, a decrease of 16 percent relative to the revised figure for 2019 (37.38 billion liters), mainly because...
Total ethanol production for 2020 is estimated at 31.35 billion liters, a decrease of 16 percent relative to the revised figure for 2019 (37.38 billion liters), mainly because sugar-ethanol plants...
Post forecasts Brazil´s chicken production in 2021 at 14.4 million metric tons, which is an increase of 4 percent, due to higher exports and greater domestic demand.
Post forecasts 2020/21 cotton area planted at 1.5 million hectares (ha), down 10 percent from the current harvest.