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- (-) November 2023
- (-) February 2020
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Post decreases the Brazilian coffee production for Marketing Year 2023/24 (July-June) to 66.3 million 60-kg bags, based on a projected decline in robusta/conilon production. Post forecasts arabica production at 44.9 million bags, a 12.8 percent increase over the previous season, due to an increase in planted area and higher yield.
Brazil has recently started planting its corn crop for the 2023/24 season. However, due to high production costs and lower expected earnings, profit margins are under pressure. As a result, Post predicts a decrease in planted area, with production for the next season estimated to drop from 135 MMT (MY 2022/23) to 130 MMT (MY 2023/24).
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.