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- (-) February 2019
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Post revised the 2015 outlook for production, consumption and exports of beef and pork, respectively.
Post maintains the 2018/19 marketing year (MY) forecast of just over 36 million hectares (ha) of area planted, but the soybean production forecast is reduced to 115.5 million metric tons (mmt).
Chicken meat production is forecast to grow 1.8 percent in 2019 to nearly 13.6 million metric tons.
This report identifies Brazil’s import requirements for foreign export certificates.
Brazil’s MY 2016/17 sugarcane crush is estimated at 680 mmt, a two-percent increase compared to the previous season due to good weather conditions that favored steady development of sugarcane stocks.
Post forecasts cotton planted area for 2016/17 to increase to 980,000 hectares based on higher domestic prices and export demand.
The weak Brazilian currency and high inflation, fueled by an uncertain political atmosphere, will have a large impact on all producers in Brazil.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.
Excise Tax on Industrialized Products (IPI) on alcoholic beverages was changed from an ad rem to an ad valorem system.