Brazil: Grain and Feed Update

  |   Attaché Report (GAIN)   |   BR2022-0059

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Office of Agricultural Affairs, Brasilia   |   (011-55-61) 3312-7101

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Brazil: Grain and Feed Update

Post forecasts 2022/2023 corn production at a record 126 million metric tons (MMT) based on the growing demand and price for corn both in domestic and international market. This is up 8.6 percent on the 2021/2022 production estimated at 116 MMT. Post increases the forecast for corn exports for MY 2022/2023 to 47 MMT, up 2.5 MMT on the current season. Post reduces the forecast for rice planted area in MY 2022/2023 to a historical low of 1.58 million hectares (ha), as rice loses space to more profitable crops that require less maintenance, such as soybean or corn. Post forecasts a record wheat production for MY 2022/2023 with production at 9.4 MMT, up 21 percent on the 2021/2022 harvest. This forecast is based on continued interest by Brazilian growers in the strong demand for wheat and rising global commodity prices.

Western Hemisphere, Brazil
Grains, Feeds and Fodders, Corn, Rice, Wheat

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