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CONAB: Brazil's cereal production in 2021/22 will hit a record high

 Last Update: 2021-09-10
 Source: Internet
 Author: User

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Foreign media news on August 29: The first 2021/22 production forecast report released by the Brazilian National Commodity Supply Company (CONAB) shows that Brazil’s grain and oilseed production will reach a record 290 million tons, as the global economy recovers Against the background of the background, high planting profits help encourage farmers to expand the planting area
.

CONAB predicts that the output of soybeans, corn, rice, legumes and cotton in Brazil in 201/22 will be 3.
9% higher than the previous record of 279 million tons
.

Brazilian farmers will start planting soybeans next month
.
CONAB expects production to reach a record 141.
3 million tons, higher than the 136 million tons in 2020/21
.
Due to high international soybean prices and the expected increase in soybean exports and crushing in 2022, Brazil's soybean planting area is expected to increase by 3.
6% year-on-year to 39.
9 million hectares
.
Soybean prices will also remain high next year because of strong international demand, especially strong demand from China, coupled with low inventories
.

CONAB predicts that Brazil’s soybean exports will reach 87.
6 million tons in 2022
.
Domestic consumption will also remain strong, reaching 51.
5 million tons, mainly for biodiesel production
.

　　Brazil’s corn production in 2021/22 will reach a record 115.
9 million tons, which is 34% higher than the current output reduced due to severe weather
.
The sown area will increase by 3% to 20.
6 million hectares
.
The high international corn price helps to stimulate the increase in the planting area, and the increase in the soybean planting area also helps to increase the area of the second-season corn that is rotated with it
.

　　Brazil’s corn exports are expected to be 39 million tons, an increase of 66% year-on-year
.
Due to strong demand from the domestic aquaculture industry and corn ethanol industry, domestic corn consumption is estimated to reach 73 million tons, a year-on-year increase of 3.
9%
.

　　In addition, data from the Brazilian Institute of Applied Economics (Ipea) shows that Brazil’s agricultural GDP is expected to grow by 1.
7% in 2021, which is lower than the previous forecast of 2.
6%.
The adjustment is due to weather issues that lead to the yield of corn and other crops.
And production decline, and the prospects for the livestock industry deteriorated
.
However, the agricultural GDP in 2022 is expected to increase by 3.
3%, as the supply of live cattle is expected to increase, and the planting area of crops such as corn and cotton is expected to recover
.

Brazilian Cereal Oilseeds

　　CONAB predicts that the output of soybeans, corn, rice, legumes and cotton in Brazil in 201/22 will be 3.
9% higher than the previous record of 279 million tons
.

　　CONAB predicts that Brazil’s soybean exports will reach 87.
6 million tons in 2022
.
Domestic consumption will also remain strong, reaching 51.
5 million tons, mainly for biodiesel production
.

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