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In 2018, Brazil’s food processing industry amounted to US$179 billion, positioning Brazil as one of the major global players in the sector.
Brazil’s MY 2019/20 sugarcane crush is estimated at 627 mmt, a relatively similar output compared to the MY 2018/19 crop (620 mmt).
Following several years of economic and political upheaval, Brazil closed out 2018 on a more even footing.
MY 18/19 corn production is forecast at 95 MMT, 18 percent higher than MY 17/18, on expanded area and excellent conditions for the safrinha crop.
Post forecasts that Brazil will maintain its position as an oilseed production powerhouse in the 2019/20 marketing year.
Post forecasts Brazil’s 2019/20 marketing year (MY) cotton area to reach 1.65 million hectares (ha), an increase of 5 percent compared to the current MY estimate of 1.57 million ha.
Brazil is the world's second-largest producer of biotech crops. Post forecasts a 10-percent increase in area planted to biotech crops in the upcoming 2013/14 Brazilian crop year (October-September).