RIO DE JANEIRO, BRAZIL - Brazil, one of the world's largest food producers, has lowered its forecast for the 2022 grain harvest by 3.8% to 261.6 million tons, a figure that would still set a new record for the country, the government said Thursday.
The decline recorded in February compared to January is mainly due to "climatic problems" related to the lack of rainfall in the southern states, according to the Brazilian Institute of Geography and Statistics (IBGE).
However, if this estimate comes to pass, it would still be 3.3% higher than the 2021 crop, which saw . . .