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Brazil should set new production record in the 2020/21 grain harvest

Brazil should set new production record in the 2020/21 grain harvest

05 November 2020

With 268.7 million tons, grain production should be 4.2% higher than the previous season

The 1st Survey of the 2020/21 grain harvest shows that Brazil should have record production in the period. Production is estimated at 268.7 million tons, a volume 4.2% higher than the record for the 2019/20 harvest, which totaled 257.7 million tons of grains. The data were released on Thursday (8) by the National Supply Company (Conab).

The cultivated area is also expected to increase. The estimate is for growth of 1.3%, which corresponds to 879.5 thousand hectares more. In the 2020/21 grain harvest, planting should occupy 66.8 million hectares.

"We know that Brazilian production is of great importance for global and national supply and our data is part of the planning of market agents and also of governments", said the president of Conab, Guilherme Bastos.

Soy

The projection is that Brazil will remain the world's largest soy producer. Production for the 2020/2021 grain harvest is estimated at 133.7 million tons.

“Soy prices continue to rise in several Brazilian markets. Our expectation is that with all this bullish scenario, we will have an expansion of the soy area for the 2020/21 harvest ”, said the president of Conab.

Corn

The total corn harvest is expected to reach 105.2 million tons, the largest in the historical series, with an increase of 2.6% over the previous one.

Rice

Conab estimates that the area occupied by rice cultivation should grow 1.6%. However, there may be a drop in productivity with a reduction of 4.2% in the volume harvested per hectare. With that, the national production of rice will be 10.885 million tons, adjusted to the expected consumption.

Bean

The planted area may increase slightly, but productivity may decline. Based on current data, Conab estimates production similar to consumption. Bean production is spread over three harvests, so it may have adjustments throughout the year. The sum of the three harvests is expected at 3.126 million tons, which represents a 3.2% reduction compared to last season.

Crop Plan 2020/21

In three months, rural producers, cooperatives and agribusiness contract R $ 73.8 billion from the Safra 2020/2021 Plan to finance activities. The value represents 28% in relation to the same previous period.

TheCropSite News Desk



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