November 6, 2024

Brazilian agricultural production set for major growth over next decade, ministry reports

Brazil's Ministry of Agriculture and Livestock (Mapa) has projected a significant increase in beef production, expected to rise by over 10% within the next decade.

According to new projections, beef exports are anticipated to grow by 27% by 2034, reinforcing Brazil's role in global meat supply.

The report also predicts substantial growth in poultry production, which is set to increase by 28% over the period, with exports forecast to expand by nearly 30%. Meanwhile, pork production is projected to rise by 27.5%, with export levels expected to reflect similar growth.

Mapa attributes these projections to Brazil's numerous trade agreements with other nations, which it says have strengthened Brazil's export markets. This ongoing development of established markets, alongside new trade relationships, will enable Brazil to maintain a prominent position in the global agricultural market.

The report highlights optimistic forecasts for Brazil's main crops, including soybeans, winter corn, rice, beans, sorghum, and wheat. The planted area for crops is projected to increase by 15.5% by 2034, reaching 92.2 million hectares. This expansion will be particularly noticeable for crops such as soybeans, which are expected to grow by 25% in planted area, winter corn by 25%, and wheat by 18%.

Soybeans, Brazil's highest-producing grain, are anticipated to reach 199.4 million tonnes by 2034, reflecting an increase of 52 million tonnes. Additionally, soybean meal production is expected to grow to 48.5 million tonnes, a rise of 8.36 million tonnes over the next decade.

Corn production, too, is forecast to see significant growth, reaching 153.1 million tonnes, a 32% increase, largely attributed to Brazil's continued practice of planting corn following the soybean harvest.

Silvio Farnese, director of economic analysis and public policies at Mapa, commented on the report, noting, "An important part of the growth in the planted area will be supported by the Degraded Areas Recovery Programme, which offers credit lines for the productive regeneration of low-productivity lands."

-      Agriland