The state-run National Supply Company (CONAB) has stated that Brazil expects its 2022–2023 harvest to produce up to 310.6 million tons of grain, which is 38.2 million tons more than the previous crop.
“The beginning of the corn and soybean harvest in the state of Rio Grande do Sul confirms the forecasts of a sharp drop in productivity due to the low rainfall,” CONAB President Guilherme Ribeiro said in a report on Wednesday.
On the other side, he pointed out that the “favorable weather” has helped crops in the country’s central western region, including the Mato Grosso state.
CONAB predicts a rise in planted area and production despite this, leading to a first crop harvest of 26.5 million tons and a second crop harvest of 95 million tons.
Several parts of the South American nation have already began the soybean harvest season, which is when the crop is harvested for export.
According to CONAB, 10.2 million tons of rice will be produced.