Brazil: Grain and Feed Update

  |   Attaché Report (GAIN)   |   BR2023-0001

Brazil is set for another record-breaking grain harvest. Post maintains its corn planted area forecast at 22.5 million hectares for MY 2022/2023 and corn production is forecast at 125.5 MMT for MY 2022/2023, up 8 percent from the estimated 116 MMT for MY 2021/2022. Post maintains its forecast for corn exports for MY 2022/2023 at 47 MMT, based on the continued interest in international markets. Post reduces the forecast for rice planted area for MY 2022/2023 to 1.53 million hectares, based on continued loss of profitability of rice crops in Brazil and high maintenance costs. For MY 2022/2023, milled rice production is forecast at 7.2 MMT of milled rice equivalent (MRE), a 1.4 percent drop from 2021/2022. Brazil is expected to reach record wheat production. Post forecasts wheat production for MY 2022/2023 at 9.6 MMT and raises its forecast for wheat export in MY 2022/2023 to 3.5 MMT on a wheat grain equivalent basis (WGE), up 6 percent from its previous estimate.

Related Reports

Attaché Report (GAIN)

Spain: Spain Seafood Report 2024

Spain is one of the world’s largest markets for fish and seafood. In 2023, Spain was the fourth largest importer of fish and seafood in the world after the United States, China, and Japan.
Attaché Report (GAIN)

Malaysia: Food Processing Ingredients Annual

The Malaysian food and beverage manufacturing industry is a significant sector in Malaysia’s economic expansion for both the domestic and export market. This sector includes several multinational corporation facilities as well as a range of local company operations.
Attaché Report (GAIN)

Uruguay: Grain and Feed Annual

Uruguayan wheat production in marketing year (MY) 2024/2025 is forecast at 1.3 million tons, 260,000 tons lower than the previous crop season which saw record high yields. Wheat exports are projected down at 800,000 tons, 29 percent lower than the previous year.