In 2024, Brazil anticipates higher yields of cotton, beans, rice, and wheat, offsetting decreases in soybean, corn, and sorghum production.
According to the IBGE’s February agricultural survey, the nation projects a 4.7% drop in overall cereal, legume, and oilseed production, totaling 300.7 million tons, 14.7 million tons less than in 2023.
Notably, soybean output may dip by 1.8% and sorghum by 14%, with corn’s production expected to fall by 10.8%.
This decrease includes a 9.6% reduction in the first corn crop and an 11.2% decrease in the second.
Conversely, 2024 promises increased outputs for herbaceous cotton by 5.6%, rice by 1.3%, beans by 8.1%, and wheat by 24.2%.
The total area expected to be harvested in 2024 spans 78 million hectares, slightly up by 0.2% from 2023.
This expansion reflects a 0.5% increase from January’s forecast, adding 383.1 thousand hectares.
Rice, corn, and soybeans dominate Brazil’s grain crop, comprising 92% of the production estimate and 86.9% of the harvested area.
Specifically, the first corn crop’s harvested area may drop by 7.7% and the second by 3.8%, highlighting Brazil’s agricultural shifts and strategies for 2024.