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Although the COVID-19 pandemic hurt foodservice channels, beer consumption in the country grew steadily last year. Brazilians shifted from consuming beer away-from-home to at-home during the pandemic months. In addition,

Post lowered its 2021/22 forecast for soybean planted area further, to 39.8 million hectares (ha) and soybean production to 134.5 million metric tons (MMT). From the last estimates, weather conditions have continued to worsen in key producing regions.

This report highlights the major macroeconomic indicators in Brazil, providing a forecast for 2022 and an overview of the Brazilian agricultural situation, including trade figures.

On January 27, 2022, the Turkish government published a new regulation delegating specific authority for the decision to implement export bans on a list of agricultural commodities during 2022 to the Ministry of Agriculture and Forestry (MinAF).

Post revised down its 2021/22 forecast corn harvest to 113 million metric tons (MMT) on the account of disappointing first-crop corn volumes. Consequently, the corn export forecast is also lowered to 42 MMT.

The Turkish government continues its efforts to rein in inflation, which was made worse in recent months by the steep depreciation of the Turkish Lira against the US dollar and drought-related grain production losses in MY 2021/22.