Brazil: Grain and Feed Update

  |   Attaché Report (GAIN)   |   BR2024-0038

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Office of Agricultural Affairs, Brasilia   |   (011-55-61) 3312-7101

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Brazil: Grain and Feed Update
Corn prices in Brazil have been rising in recent months, driven by factors such as the increased prices in international markets and the devaluation of the Brazilian Real. As a result, corn production for MY 2024/25 (March 2025 – February 2026) is revised up to 128 MMT. Rice production is also expected to rise in 2024/25 due to the expansion of planted area, led by greater profitability from rice sales and improvements in yield. Meanwhile, Brazil experienced a substantial decline in the domestic wheat supply in 2023 and is not expected to recover this year, particularly due to a significant reduction in production in Paraná. Consequently, Post increased its forecast for wheat imports for MY 2024/25 (October 2024 – September 2025) to 6 MMT.
Western Hemisphere, Brazil
Grains, Feeds and Fodders, Corn, Rice, Wheat

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