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Brazil’s IBGE Hikes 2017 Grain Forecast Growth to 20.3 Percent

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – This year’s Brazilian harvest should total 221.4 million tons, an increase of 20.3 percent in relation to last year, according to a report by the Brazilian Institute of Geography and Statistics (IBGE).

The report also indicates that the 2017-harvested area should increase by 4.9 percent to 59.9 million hectares.

The latest harvest growth forecast is significantly higher than the December 2016 estimate that called for a 14.2 percent increase in the 2017 harvest in comparison to the previous year.

Together, Brazil’s three . . .

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