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MY 2018/19 corn production in Brazil is estimated at a record 101 MMT
09.01.2020 14:25 "Agro Perspectiva" (Kyiv) —
Following are selected highlights from a report issued by a U. S. Department of Agriculture attache in Brasilia, MY 2018/19 corn production in Brazil is estimated at a record 101 MMT, 23 percent higher than the previous harvest, based on record area and yields. MY 2019/20 corn production is also forecast at 101 MMT on expectations of expanded area paired with a return to normal trend yields. MY 2018/19 corn exports are forecast at a record 37 MMT, almost 50 percent higher than the previous season as a result of the much larger harvest. MY 2018/19 milled rice production is estimated at 7.1 MMT, a decrease of 13 percent from the previous year due to decreased area and lower yields. MY 2019/20 milled rice production is forecast at 7 MMT, based on an expectation of further reduced area. MY 2019/20 wheat production is forecast at 5.4 MMT, down slightly from MY 2018/19. MY 2019/20 wheat imports are forecast as 7.5 MMT, in response to lower anticipated domestic production and already low levels of stocks.
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