Brazil expects record grain production of 265.9 million tons in the 2020-2021 harvesting season, or 3.5 percent more (9 million tons) compared to 2019-2020, the state-owned National Supply Company (Conab) said on Thursday.
According to the Conab, the South American country continues to see expansion in cultivated land and production compared to the previous agricultural cycle.
Brazil’s main agricultural export product, soy is expected to see 3.3 percent growth, for total output of 134.5 million tons.
In terms of 2020 soy exports, the Conab expects to sell 83.6 million tons abroad. If confirmed, the figure will mark a record high. In 2021, the agency expects about 85 million tons in soy exports, which would represent an increase of 1.67 percent.
SOURCE: The Star
