RIO DE JANEIRO, BRAZIL - Brazil’s 2022 crops are likely to reach a record 271.9 million tons, up 7.4% —or 18.7 million tons — from 253.2 million in 2021.
The Systematic Survey on Agricultural Production, published yesterday by the Brazilian Institute of Geography and Statistics (IBGE), shows that the area to be harvested covers 71.2 million hectares — 3.8% (2.6 million hectares) more than 2021 and 0.3% (217,200 hectares) larger than forecast last month.
Combined, rice, corn, and soybeans account for 93% of projected output and 97.8% of the area harvested. Compared . . .