Brazil: IBGE estimates record harvest of 296.2 million tonnes in 2023

Brazil should harvest 296.2 million tonnes of grains, legumes and oilseeds this year, a record volume.

The data, from the 3rd forecast for the 2023 harvest, released this Thursday (12 Jan. 2023) by the IBGE (Brazilian Institute of Geography and Statistics), forecast an increase of 12.6%, equivalent to 33.1 million tonnes, compared to the estimated 2022 harvest of 263.2 million tonnes.

The projection released this Thursday (Jan. 12) is 0.8% higher than that made by the 2nd crop forecast, or 2.2 million tonnes more, released in December last year.

In relation to 2022, increases are expected in soybean production (24.1% or 28.8 million tonnes), in the 1st corn harvest (16.2% or 4.1 million tonnes), in the 2nd corn harvest (2.5% or 2.1 million tonnes), in herbaceous seed cotton (1.3% or 53,000 tonnes), in sorghum (5.3% or 150,000 tonnes) and in the 1st bean harvest (3.7 % or 40,000 tonnes).

“Soybeans are the main positive highlight because they will increase in 2023, recovering the losses of 2022 when they fell 11.4%. Corn is also a highlight because it will grow 5.7% on top of a record harvest of 110.2 million tonnes in 2022”, said research manager Carlos Barradas.

On the other hand, declines are expected in the production of rice (3.4% or 360,000 tonnes), 2nd bean crop (9.9% or 132,000 tonnes), 3rd bean crop (1% or 6,000 tonnes) and wheat (16.2% or 1.6 million tonnes).

In the last survey referring to the production of 2022, the IBGE estimated a harvest of 263.2 million tonnes, 3.9% more than in the previous year. In addition to the 11.4% drop for soybeans, a drop of 8.3% for rice and increases of 25.5% for corn, 28.5% for corn and 15.2% for cotton (in lump) were estimated.

*With information from Agência Brasil