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Post forecasts beef production in 2020 at 10.5 million metric tons, which is an increase of 3.4 percent.
Despite Brazil’s recent economic crises, plenty of new craft beer breweries opened in the last decade, offering alternatives to the mass-produced brands.
Post’s forecast for MY 2019/20 corn production is 101 MMT, matching the MY 2018/19 volume.
In 2019/20, Brazil is forecast to reap a record soybean cop of 124.5 million metric tons (mmt).
Brazil is the second-largest producer of biotech crops in the world with a total of 107 events approved.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
Post forecasts Brazil’s Marketing Year (MY) 2014/15 cotton area to drop by about 11 percent to one million hectares, compared to the previous MY.
Post forecasts 2015 production and exports of beef to increase by three and ten percent, respectively.