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Brazil is set for another record-breaking grain harvest. Post maintains its corn planted area forecast at 22.5 million hectares for MY 2022/2023 and corn production is forecast at 125.5 MMT for MY 2022/2023, up 8 percent from the estimated 116 MMT for MY 2021/2022.
Post increased the 2022/23 forecast for soybean planted area expansion to 43.3 million hectares (ha) and soybean production to 153 million metric tons (MMT). This season sowing began optimistically, with most soybeans planted on time compared to last year. However, in the southern part of the country including Rio Grande do Sul and Parana, rains will be needed in January because if continues to be dry, the crop will be negatively impacted.
After being adversely affected by the coronavirus pandemic, Brazil’s gross domestic product (GDP) registered two years of consecutive growth, 4.6 percent in 2021 and an estimated 3 percent by the end of 2022.
Post forecasts 2022/23 planted cotton area at 1.66 million hectares (ha), with production at 13.3 million bales (2.89 million metric tons, MMT), about a 13 percent increase from the 2021/22 estimated production of 11.52 million bales (2.5 MMT). Cotton area is forecast to rise because of favorable weather leading to timely first-season soybean planting and improved yields, as well as a favorable outlook for prices and profitability.
Brazil’s Marketing Year (MY) 2022/23 sugarcane crop is forecast to recover to 613 million metric tons (mmt), an increase of six percent compared to the final estimate for MY 2021/22 (576 mmt), supported by better weather conditions vis-à-vis the previous year.
Chile remains the largest South American consumer-oriented market for U.S. exporters. Increasing wealth, lower barriers to entry, and the modern Chilean economy present opportunities for increased agricultural trade as COVID-19 restrictions and social-political tensions ease.
Post forecasts that Brazilian producers will expand soybean planted area at a slower pace, to 42.5 million hectares (ha) in 2022/23, up from the estimated 40.7 mn ha planted in the 2021/22 season. Post forecasts 2022/23 soybean production at 139 million metric tons (MMT), up from the estimated 124.8 MMT harvest this season, assuming return to normal weather conditions.
Next season, Post forecasts corn area to expand by one million hectares (ha), to a total of 22.5 million ha, and production to top 118 million metric tons (MMT). The wheat planted area will grow to 3.4 million ha, with production reaching nearly 9 MMT.
This report outlines updated plant and label registration guidance for U.S. dairy product exporters to Brazil. The USDA Foreign Agricultural Service Office of Agricultural Affairs (OAA) Brasília will continue to provide assistance for U.S. plant registration in Brazil, however, U.S. dairy product exporters will be responsible for product label registration in Brazil.
This report outlines updated plant and label registration guidance for U.S. fishery product exporters to Brazil. The USDA Foreign Agricultural Service Office of Agricultural Affairs (OAA) Brasília will continue to provide assistance for U.S. plant registration in Brazil, however, U.S. fishery product exporters will be responsible for product label registration in Brazil.
This report outlines updated plant and label registration guidance for U.S. meat and meat product exporters to Brazil. The USDA Foreign Agricultural Service Office of Agricultural Affairs (OAA) Brasília will continue to provide assistance for U.S...
According to the Brazilian Food Processors' Association (ABIA), the country's food processing sector registered revenues of R$922.6 billion (US$171 billion) in 2021, an increase of 16.9 percent compared to 2020. Although the country has suffered from the COVID-19 pandemic, the advances in vaccination and a rebound in the service sector have contributed to the industry's performance.