Brazil: The 10th survey of the 2023/24 grain harvest indicates 299.27 million tons

Brazil's grain production for the 2023/24 harvest is projected at 299.27 million tons, a 6.4% decrease from the previous cycle but still the second-largest in the country's history. The National Supply Company (Conab) notes a 0.6% increase from the previous month's survey due to advances in harvesting second-crop corn, sesame, and rice. However, reductions in the first harvest of corn, beans, wheat, cotton, and soybeans are attributed to the El Niño phenomenon affecting climatic conditions. The total cultivated area grew by 1.5% to 79.75 million hectares, with significant growth in soybeans. Soybean production is estimated at 147.34 million tons, a 4.7% decrease, while corn production is estimated at 115.86 million tons, a 12.2% decrease from the previous harvest.

Brazilian grain production in the 2023/24 harvest is expected to reach 299.27 million tons, which corresponds to a drop of 6.4%, or 20.54 million tons less, compared to the previous cycle, but still the second largest ever harvested in the country. Compared to the previous month's survey, there was an increase of 0.6% (or 1.723 million tons more), shows the 10th grain survey by the National Supply Company (Conab), released today. According to Conab, the 0.6% increase compared to the previous survey can be attributed to the advance in the harvest of the main crops, indicating a recovery in production, especially in second-crop corn, sesame and rice. On the other hand, there was a reduction in the first harvest of corn, beans, wheat, cotton and soybeans. The break observed in relation to the past cycle, according to the survey, is mainly due to the intensity of the El Niño phenomenon, “which in this harvest had a negative influence on the climatic behavior from the beginning of ...