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- (-) June 2016
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Brazil's limited corn supply is driving domestic prices up and having a significant impact on the pork and poultry sectors.
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), down 6 percent from the previous year as some producer switch to more profitable crops like corn and soybeans.
The Brazilian orange crop for 2016/17 is forecast at 351.7 million boxes, down 14 percent from the previous crop, due to weather-related problems during blossoming and fruit setting.
Agriculture has always played a critical role in Brazil’s economy, serving as a primary source of revenue and central generator of employment.