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This voluntary report includes additional information to the Export Section of the Brazilian Sugar Annual Report - BR2020-0012 submitted on April 14, 2020.
Brazil’s Marketing Year (MY) 2020/21 sugarcane crush is estimated at 650 Million Metric Tons (mmt), virtually unchanged from MY 2019/20 crop (647 mmt).
Prices for major Brazilian row crops, including soybeans, corn, rice, and wheat, all hit record highs in nominal value in recent weeks.
Post lowers its MY 19/20 corn production forecast to 100 MMT due to poor yields in the Rio Grande do Sul crop; post also lowers its forecast for 19/20 consumption by 1 MMT, to 67 MMT...
Post forecasts cotton planted area at 1.7 million hectares in the 2020/21 marketing year (MY), up from 1.68 million hectares in 2019/20 MY. Production is forecast to increase to 13.5 million bales...
Brazil is a leading oilseed producer in the world, and is projected to retain its position this season and next, despite the global economic turmoil due to the coronavirus pandemic.
In 2019, Brazilian food industry sales amounted to R$699 billion (US$177 billion), an increase of seven percent compared to the previous year.
Post revised all dairy tables for calendar year 2018 to reflect problems suffered by dairy producers.
Brazil’s GDP reached R$6.6 trillion (US$2 trillion) in 2017. This represented not only an increase of 1 percent growth, but also a way out of the recession that hit Brazil in 2014.
Market year 2018/19 corn production is forecast higher at 95 MMT based on an expected return to normal yields and expanded safrinha area in response to higher prices.
Brazil’s MY 2018/19 sugarcane crush has been revised down to 610 million metric tons (mmt), due to dry weather in the major growing areas of São Paulo and Parana during the harvest season.
Post forecasts 2018/19 production at 123 million metric tons (mmt), a 3 percent increase on the previous season.