Browse Data and Analysis

The Brazilian orange crop for Marketing Year (MY) 2022/23 is forecast at 410.6 million 40.8-kg boxes (MBx) or 16.75 million metric tons (MMT), a slight decrease of 1.1 percent vis-à-vis the current season, with the resumption of the biennial crop cycle and consequently, a lower fruit load per tree.

For 2023/24, Post forecasts soybean planted area at 45.2 million hectares (ha), and production at 159 million metric tons (MMT), based on a yield of 3.52 mt per ha.

In 2022, the Brazilian bovine sector is expected to expand its cattle production by 2.5 percent, driven by global demand, elevated beef prices, and the recovery phase that the sector is going through. Nevertheless, in 2022, increasing production costs, especially feed prices, general inflation, and unstable weather will pose serious challenges to cattle ranchers.

On Monday, March 21st, the Government of Brazil (GOB) decided to temporarily eliminate the import tariff of ethanol, as well as five other agricultural products (coffee, margarine, cheese, spaghetti, sugar, and soybean oil).

Hong Kong continues to take random tests on imports of chilled and frozen foods and their packaging for the COVID-19 virus.

Brazil is a powerhouse agricultural producer, ranking among the top three global exporters for a host of commodities. To support its massive agribusiness sector, Brazil relies on imported inputs, including fertilizers. Annually, Brazil imports over 80 percent of its total fertilizer needs.