June estimate points to a 6.2% smaller harvest in 2024, still reflecting the year's climate problems in Brazil

The Brazilian harvest of cereals, legumes, and oilseeds is projected to reach 295.9 million tons, a 6.2% decrease from 2023, according to the June estimate by IBGE's Systematic Survey of Agricultural Production (LSPA). Despite a 0.6% increase in the area to be harvested, climate issues like drought and excessive rain have significantly impacted production, especially in Minas Gerais, Paraná, and Bahia. Cotton production saw a record growth of 9.8% due to a 12.5% increase in cultivated area. While soybean and corn production are expected to decrease by 3.4% and 13.3% respectively, rice production is expected to meet domestic needs. The LSPA provides detailed estimates and forecasts for various crops, with the next release scheduled for August 13th.

The Brazilian harvest of cereals, legumes and oilseeds is expected to reach 295.9 million tons according to the June estimate from the Systematic Survey of Agricultural Production (LSPA), released today (11) by IBGE. This result is 6.2% lower, or 19.5 million tons below the harvest obtained in 2023 (315.4 million tons) and 0.3% lower (940.3 thousand tons) than the May estimate. The area to be harvested was 78.3 million hectares, an increase of 0.6% (462.7 thousand hectares) compared to 2023; and an increase of 8,220 hectares (0.0%) in relation to May. Only cotton recorded a production record, with growth of 9.8%, due to the 12.5% increase in the cultivated area. “The 2023/2024 harvest had several problems since the beginning of its implementation, such as lack of rain and the occurrence of high temperatures during the summer harvest (1st harvest), resulting in the need to replant some areas. In Rio Grande do Sul there was excessive rain and flooding. And now with the harvest of ...