Brazil Expecting Largest Crop Ever Led by Soy, Corn and Rice

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Brazil Expecting Largest Crop Ever Led by Soy, Corn and Rice

09 January 2008

BRAZIL - Brazil's agricultural producers should have their largest harvest ever in the 2007/2008 grain crop, with a 3.1% increase in production compared with the previous crop. A total of 135.8 million tons of grain should be harvested.

The forecast was made by the minister of Agriculture, Livestock and Supply, Reinhold Stephanes, who disclosed the fourth survey on agricultural production, conducted last month by technicians at the National Food Supply Company (Conab) and the Brazilian Institute of Geography and Statistics (IBGE).

He asserted, however, that the outcome will depend on weather conditions over the coming weeks, as some crops are currently in the flowering and fruiting stages, during which there can be no shortage of rain.

According to the minister, in general lines, all of the products are performing well, especially corn, soy and cotton, but the supply of beans should decrease 2.1%.

Stephanes claimed that despite the increased production, farmers know that they will have a market, because "there is a worldwide excess demand for food, mostly from Asian countries, and this is a trend that has come to stay."

The minister stated that soy remains the leading grain, with an estimated production of 58.2 million tons, followed by forecasts for 53.4 million tons of corn and 11.9 million tons of rice.

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Source: Brazzil Magazine

Corn / Maize, Soy