Argentina’s main trading partner reported very good production projections for the end of the current grain campaign and strong exports to China and Europe.
The brazilian farmers will harvest nearly 323 million metric tons of grain in the 2022/23 season, as anticipated by the brazilian food supply agency (Conab), which reflects that there will be increases in corn and soybean production in the season that is coming to an end.
So, the Brazil’s total maize production would reach a record of 131.8 million tons in this campaign, driven by a bountiful second cropwhich farmers have almost finished collecting.
The forecast of soybean production remained at 154.6 million tons, also a all-time high. And Conab also predicted that Brazil will export 50 million tons of corn and almost 97 million tons of soybeans in the 2022/23 cycle.
Brazil, a great supplier of food
Brazil sells grains to various markets, such as China, European countries and the Middle Eastand is crucial for global food security.
Brazil is the largest producer and supplier of soybeans in the world and this year will overtake the United States as the largest exporter of cornas local farmers reap a large crop and China turns to the South American nation for food.
Later this month, Brazilian farmers in Midwestern states, including Mato Grosso, the country’s largest agricultural state, they will begin to plant the new soybeans and the new corn.
Source: Ambito
