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Brazilian grain production for the 2023/24 harvest is expected to reach 295.6 million tons. The volume represents a drop of 7.6% from the previous season or 24.2 million tons less to be harvested, which is mainly the result of a 7.1% reduction in the expected average yield, from 4,072 kg/ha to 3,784 kg/ha.
With the harvest reaching 47.9% of the sown area by the beginning of March, soybeans could see a production of 146.9 million tons, down 5% from the previous harvest. The drop is due to low rainfall and above-normal temperatures in the main producing regions. However, the rainfall has favored crop development in the places that were sown later.
With the soybean harvest progressing, the second corn crop is being planted within the window in the main producing states, such as Mato Grosso and Paraná. The second crop harvest alone is expected at 87.35 million tons. The first crop harvest, expected at 23.41 million tons, has reached 32.9% of the cultivated area. Total corn production is estimated at 112.75 million tons.
March 12, 2024/ CONAB/ Brazil.
https://www.conab.gov.br
