Paraguay: Grain and Feed Annual

Posts projects Paraguay’s wheat production for marketing year (MY) 2023/2024 to increase to 1.25 million metric tons (MMT), with exports rising to 410,000 MT. Brazil is projected to be the main destination, accounting for approximately 90 percent of Paraguayan exports. Post forecasts corn production in MY 2023/2024 to increase marginally to 5.5 MMT, one of the highest volumes on record. Corn exports are forecast at 3.5 MMT, with Brazil also expected to account for more than 50 percent of the total. Rice production in MY 2023/2024 is projected to increase to 1.3 MMT, rough base, on a record high planted area.