September 7, 2023

Brazil to reap nearly 323 million tonnes of grains in 2022/23

Brazilian farmers will reap almost 323 million tonnes of grains in the 2022/23 season, Brazil's food supply agency Conab said on September 6, reflecting expected rises in the production of corn and soybeans in the season that is drawing to a close.

The country's total corn production is projected to be a record 131.8 million tonnes, driven by an abundant second corn crop, which farmers have nearly finished harvesting, according to the agency.

The soybean production forecast was kept at 154.6 million tons, also a historic high. Additionally, Conab forecast 50 million tonnes of corn exports and almost 97 million tonnes of soy exports for Brazil in the 2022/23 cycle.

The country sells grains to various markets including China, European countries and the Middle East, and is crucial for global food security.

- Reuters