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12/12/2017 - 12:41hs

Cereal crop to be 9.2% smaller

The Brazilian Institute of Geography and Statistics (IBGE) forecasts that Brazil’s grain, legume and oilseed crop will amount to 219.5 million tons in 2018, 22.4 million tons less than in 2017.

Rio de Janeiro – Brazil should see a 9.2% drop in its 2018 cereal, legume and oilseed crop relative to this year. As per the second 2018 crop prognosis, made public this Tuesday (12) by the Brazilian Institute of Geography and Statistics (IBGE), 219.5 million tons will be harvested in the country next year. The amount is 22.4 million tons smaller than the expected 2017 output.

Output is expected to drop for three out of five main items – whole-grain rice (-8%), maize (-15.9%) and soy (-5.9%) – and to go up for cotton (4.5%) and beans (4.1%).

The IBGE also released its 11th estimate regarding the 2017 cereal, legume and oilseed crop. A 30.2% or 56.1-million-ton year-on-year increase in total harvest is expected, to a total of 241.9 million tons. Production is expected to be up 19.4% for soy, 17.4% for rice and 55.2% for maize.

*Translated by Gabriel Pomerancblum

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