April 23, 2024
Brazil's grain production to drop 8% in 2023/24 season
Brazil's grain production is expected to reach 294.1 million tonnes in 2023/24, an 8% drop (-25.7 million tonnes) compared to last season, according to grain harvest estimates released by the National Supply Company (Conab).
With a stable area estimated at 78.53 million hectares, the drop is mainly due to the intensity of the El Niño phenomenon, which, in 2023, had a negative influence from the start of planting to the development stages of the crops in Brazil's producing regions.
With harvesting work advanced in the main producing states, reaching around 76.4% of the country's cultivated area, soybean production is estimated at 146.52 million tonnes, down 5.2% on the previous harvest. This drop is due to low rainfall and above-normal temperatures.
The main crop grown in the second harvest is corn, with total production estimated at 110.96 million tonnes.
According to Progresso de Safra, harvesting work on the cereal's first crop, which is expected to produce 23.36 million tonnes, has reached 51% of the cultivated area. Sowing of the second crop is almost complete.
- CONAB