IBOV 173,768.17 ▼ 0.03% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.18% USD/MXN17.53▲ 0.58% USD/CLP934.26▲ 1.00% USD/COP3,253▲ 0.66% USD/PEN3.41▲ 0.74% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.62▲ 0.89% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.10% BRENT 87.99 ▲ 4.46% WTI 81.79 ▲ 3.60% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.49% GOLD 4,015 ▲ 0.74% SILVER 56.20 ▲ 0.54% SOY 1,203 ▲ 0.67% CORN 467.25 ▲ 5.83% WHEAT 681.00 ▲ 0.93% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.60 ▲ 4.33% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.68 ▼ 2.82% CATTLE 339.25 ▼ 2.12% LITHIUM 68.36 ▼ 0.73% PETR4 40.86 ▲ 2.43% VALE3 72.95 ▼ 0.04% ITUB4 42.07 ▼ 1.13% BBDC4 18.32 ▼ 0.49% ABEV3 15.58 ▼ 0.13% BBAS3 20.49 ▼ 1.30% B3SA3 15.26 ▼ 0.84% WEGE3 43.33 ▼ 0.37% PRIO3 57.76 ▲ 1.71% SUZB3 41.93 ▲ 0.55% RENT3 38.34 ▼ 1.34% AZZA3 18.37 ▼ 0.86% CSAN3 3.90 ▲ 0.52% RAIZ4 0.28 ▼ 3.45% PCAR3 2.54 ▼ 1.93% GMAT3 3.89 ▼ 0.77% PSSA3 55.03 ▼ 0.34% CVCB3 1.30 ▼ 3.70% POSI3 3.84 ▼ 1.03% SLCE3 13.57 ▼ 0.29% NATU3 8.56 — 0.00% BRKM5 6.26 ▲ 2.62% RANI3 7.97 ▼ 1.36% CSNA3 5.09 ▼ 0.20% CMIN3 5.31 ▼ 2.57% USIM5 8.24 ▲ 4.30% GGBR4 24.07 ▲ 0.67% ENEV3 25.97 ▲ 0.08% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.58 ▼ 0.68% LREN3 13.38 ▼ 1.98% VIVT3 35.69 ▲ 0.62% RAIL3 13.76 ▼ 1.22% KLABIN 17.52 ▲ 0.92% RAIA DROGASIL 18.46 ▼ 0.32% RDOR3 35.72 ▼ 0.42% HAPV3 11.39 ▲ 4.02% FLRY3 16.62 ▲ 1.22% SMTO3 15.51 ▼ 1.34% UGPA3 31.94 ▼ 0.16% VBBR3 34.62 ▲ 0.73% BBSE3 40.81 ▼ 0.90% BPAC11 56.44 ▼ 0.27% CURY3 30.92 ▼ 1.18% AERI3 2.04 ▲ 0.99% VIVARA 22.76 ▼ 2.53% COMPASS 24.85 ▼ 0.24% VAMOS 3.25 ▲ 2.85% SANB11 26.78 ▼ 0.19% ASAI3 8.44 ▼ 1.40% SBSP3 29.30 — 0.00% WALMEX 49.53 ▼ 0.06% GMEXICO 200.28 ▲ 0.52% FEMSA 223.52 ▼ 0.68% CEMEX 22.66 ▼ 0.53% GFNORTE 180.29 ▼ 0.06% BIMBO 58.69 ▲ 1.33% TELEVISA 9.64 ▲ 1.37% AMX 23.15 ▲ 1.62% GAP 388.36 ▼ 0.87% ASUR 279.72 ▼ 0.43% OMA 231.93 ▼ 0.50% KOF 179.91 ▲ 0.53% GRUMA 287.27 ▲ 0.32% KIMBER 38.74 ▼ 0.10% SQM-B 65,451 ▼ 0.91% COPEC 6,205 ▲ 1.29% BSANTANDER 77.37 ▼ 1.01% FALABELLA 5,893 ▲ 0.68% ENELAM 84.79 ▼ 0.01% CENCOSUD 2,002 ▼ 0.14% CMPC 1,080 ▲ 0.57% BANCO CHILE 187.82 ▼ 0.56% LATAM AIR 24.99 ▼ 1.61% YPF 77,475 ▲ 1.84% GGAL 7,770 ▼ 1.21% PAMPA 5,155 ▲ 0.88% TXAR 664.00 ▲ 0.30% ALUAR 944.00 ▲ 0.43% TGS 9,295 ▼ 0.96% CEPU 2,255 ▼ 0.22% MIRGOR 16,725 ▼ 0.15% COME 43.88 ▼ 1.30% LOMA NEGRA 3,515 ▼ 1.19% BYMA 300.25 ▼ 0.41% TELECOM ARG 4,163 ▼ 0.42% ECOPETROL 15.98 ▲ 1.11% BANCOLOMBIA 80.37 ▲ 1.13% GRUPO AVAL 4.95 ▼ 0.40% CREDICORP 390.72 ▲ 0.85% SOUTHERN COPPER 174.22 ▼ 0.82% BUENAVENTURA 30.31 ▲ 0.45% MERCADOLIBRE 1,823 ▼ 1.85% NUBANK 13.75 ▼ 0.33% XP 16.90 ▲ 1.32% PAGSEGURO 9.13 ▼ 0.27% STONE 11.13 ▼ 0.63% GLOBANT 32.66 ▲ 1.43% TECNOGLASS 45.60 ▼ 2.63% GAP AIRPORT 221.33 ▼ 1.75% ASUR 279.72 ▼ 0.43% OMA AIRPORT 105.91 ▼ 1.21% AMX ADR 26.36 ▲ 0.84% FEMSA ADR 127.70 ▼ 1.38% CEMEX ADR 12.93 ▼ 1.30% PETROBRAS ADR 17.88 ▲ 2.35% VALE ADR 14.25 ▲ 0.18% ITAU ADR 8.23 ▼ 0.90% SANTANDER BR 5.26 ▼ 0.57% AMBEV ADR 3.02 ▼ 0.98% CSN 1.01 ▲ 0.50% GERDAU 4.74 ▲ 0.32% LATAM ADR 53.22 ▲ 0.08% BTC 64,000 ▲ 0.33% ETH 1,842 ▼ 1.16% SOL 75.16 ▼ 0.15% XRP 1.09 ▲ 0.46% BNB 565.89 ▼ 1.10% ADA 0.17 ▲ 2.88% DOGE 0.07 ▲ 0.27% AVAX 6.60 ▲ 1.44% LINK 8.23 ▼ 1.27% DOT 0.85 ▼ 0.79% LTC 44.97 ▲ 0.06% BCH 219.41 ▼ 0.99% TRX 0.32 ▼ 0.06% XLM 0.19 ▲ 1.07% HBAR 0.07 ▼ 0.55% NEAR 1.92 ▼ 2.42% ATOM 1.52 ▲ 0.49% AAVE 90.94 ▼ 0.21% SELIC 14.25% EMBRAER 82.60 ▲ 1.02% EMBRAER ADR 64.72 ▲ 0.54% JBS 11.76 ▼ 2.24% JBS BDR 59.98 ▼ 2.47% MBRF3 15.12 ▼ 1.11% MBRFY 2.97 ▲ 1.37% INTER 5.42 ▼ 2.17% EGX 52,928 ▲ 0.70% USD/ZAR16.53▲ 0.62% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.42▲ 0.02% USD/CNY6.78▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.04% GBP/USD1.35▼ 0.64% SPX 7,471 ▼ 0.83% DJI 52,261 ▼ 0.55% NDX 28,724 ▼ 1.04% RUT 2,971 ▼ 0.12% TSX 35,253 ▼ 0.25% VIX 18.04 ▲ 7.83% USD/CAD1.40▼ 0.23% US10Y 4.5450 ▼ 0.53% IBOV 173,768.17 ▼ 0.03% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.18% USD/MXN 17.53 ▲ 0.58% USD/CLP 934.28 ▲ 1.00% USD/COP 3,253 ▲ 0.66% USD/PEN 3.41 ▲ 0.74% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.62 ▲ 0.89% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.10% BRENT 87.99 ▲ 4.46% WTI 81.79 ▲ 3.60% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.49% GOLD 4,015 ▲ 0.74% SILVER 56.20 ▲ 0.54% SOY 1,203 ▲ 0.67% CORN 467.25 ▲ 5.83% WHEAT 681.00 ▲ 0.93% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.60 ▲ 4.33% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.68 ▼ 2.82% CATTLE 339.25 ▼ 2.12% LITHIUM 68.36 ▼ 0.73% PETR4 40.86 ▲ 2.43% VALE3 72.95 ▼ 0.04% ITUB4 42.07 ▼ 1.13% BBDC4 18.32 ▼ 0.49% ABEV3 15.58 ▼ 0.13% BBAS3 20.49 ▼ 1.30% B3SA3 15.26 ▼ 0.84% WEGE3 43.33 ▼ 0.37% PRIO3 57.76 ▲ 1.71% SUZB3 41.93 ▲ 0.55% RENT3 38.34 ▼ 1.34% AZZA3 18.37 ▼ 0.86% CSAN3 3.90 ▲ 0.52% RAIZ4 0.28 ▼ 3.45% PCAR3 2.54 ▼ 1.93% GMAT3 3.89 ▼ 0.77% PSSA3 55.03 ▼ 0.34% CVCB3 1.30 ▼ 3.70% POSI3 3.84 ▼ 1.03% SLCE3 13.57 ▼ 0.29% NATU3 8.56 — 0.00% BRKM5 6.26 ▲ 2.62% RANI3 7.97 ▼ 1.36% CSNA3 5.09 ▼ 0.20% CMIN3 5.31 ▼ 2.57% USIM5 8.24 ▲ 4.30% GGBR4 24.07 ▲ 0.67% ENEV3 25.97 ▲ 0.08% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.58 ▼ 0.68% LREN3 13.38 ▼ 1.98% VIVT3 35.69 ▲ 0.62% RAIL3 13.76 ▼ 1.22% KLABIN 17.52 ▲ 0.92% RAIA DROGASIL 18.46 ▼ 0.32% RDOR3 35.72 ▼ 0.42% HAPV3 11.39 ▲ 4.02% FLRY3 16.62 ▲ 1.22% SMTO3 15.51 ▼ 1.34% UGPA3 31.94 ▼ 0.16% VBBR3 34.62 ▲ 0.73% BBSE3 40.81 ▼ 0.90% BPAC11 56.44 ▼ 0.27% CURY3 30.92 ▼ 1.18% AERI3 2.04 ▲ 0.99% VIVARA 22.76 ▼ 2.53% COMPASS 24.85 ▼ 0.24% VAMOS 3.25 ▲ 2.85% SANB11 26.78 ▼ 0.19% ASAI3 8.44 ▼ 1.40% SBSP3 29.30 — 0.00% WALMEX 49.53 ▼ 0.06% GMEXICO 200.28 ▲ 0.52% FEMSA 223.52 ▼ 0.68% CEMEX 22.66 ▼ 0.53% GFNORTE 180.29 ▼ 0.06% BIMBO 58.69 ▲ 1.33% TELEVISA 9.64 ▲ 1.37% AMX 23.15 ▲ 1.62% GAP 388.36 ▼ 0.87% ASUR 279.72 ▼ 0.43% OMA 231.93 ▼ 0.50% KOF 179.91 ▲ 0.53% GRUMA 287.27 ▲ 0.32% KIMBER 38.74 ▼ 0.10% SQM-B 65,451 ▼ 0.91% COPEC 6,205 ▲ 1.29% BSANTANDER 77.37 ▼ 1.01% FALABELLA 5,893 ▲ 0.68% ENELAM 84.79 ▼ 0.01% CENCOSUD 2,002 ▼ 0.14% CMPC 1,080 ▲ 0.57% BANCO CHILE 187.82 ▼ 0.56% LATAM AIR 24.99 ▼ 1.61% YPF 77,475 ▲ 1.84% GGAL 7,770 ▼ 1.21% PAMPA 5,155 ▲ 0.88% TXAR 664.00 ▲ 0.30% ALUAR 944.00 ▲ 0.43% TGS 9,295 ▼ 0.96% CEPU 2,255 ▼ 0.22% MIRGOR 16,725 ▼ 0.15% COME 43.88 ▼ 1.30% LOMA NEGRA 3,515 ▼ 1.19% BYMA 300.25 ▼ 0.41% TELECOM ARG 4,163 ▼ 0.42% ECOPETROL 15.98 ▲ 1.11% BANCOLOMBIA 80.37 ▲ 1.13% GRUPO AVAL 4.95 ▼ 0.40% CREDICORP 390.72 ▲ 0.85% SOUTHERN COPPER 174.22 ▼ 0.82% BUENAVENTURA 30.31 ▲ 0.45% MERCADOLIBRE 1,823 ▼ 1.85% NUBANK 13.75 ▼ 0.33% XP 16.90 ▲ 1.32% PAGSEGURO 9.13 ▼ 0.27% STONE 11.13 ▼ 0.63% GLOBANT 32.66 ▲ 1.43% TECNOGLASS 45.60 ▼ 2.63% GAP AIRPORT 221.33 ▼ 1.75% ASUR 279.72 ▼ 0.43% OMA AIRPORT 105.91 ▼ 1.21% AMX ADR 26.36 ▲ 0.84% FEMSA ADR 127.70 ▼ 1.38% CEMEX ADR 12.93 ▼ 1.30% PETROBRAS ADR 17.88 ▲ 2.35% VALE ADR 14.25 ▲ 0.18% ITAU ADR 8.23 ▼ 0.90% SANTANDER BR 5.26 ▼ 0.57% AMBEV ADR 3.02 ▼ 0.98% CSN 1.01 ▲ 0.50% GERDAU 4.74 ▲ 0.32% LATAM ADR 53.22 ▲ 0.08% BTC 64,000 ▲ 0.33% ETH 1,842 ▼ 1.16% SOL 75.16 ▼ 0.15% XRP 1.09 ▲ 0.46% BNB 565.89 ▼ 1.10% ADA 0.17 ▲ 2.88% DOGE 0.07 ▲ 0.27% AVAX 6.60 ▲ 1.44% LINK 8.23 ▼ 1.27% DOT 0.85 ▼ 0.79% LTC 44.97 ▲ 0.06% BCH 219.41 ▼ 0.99% TRX 0.32 ▼ 0.06% XLM 0.19 ▲ 1.07% HBAR 0.07 ▼ 0.55% NEAR 1.92 ▼ 2.42% ATOM 1.52 ▲ 0.49% AAVE 90.94 ▼ 0.21% SELIC 14.25% EMBRAER 82.60 ▲ 1.02% EMBRAER ADR 64.72 ▲ 0.54% JBS 11.76 ▼ 2.24% JBS BDR 59.98 ▼ 2.47% MBRF3 15.12 ▼ 1.11% MBRFY 2.97 ▲ 1.37% INTER 5.42 ▼ 2.17% EGX 52,928 ▲ 0.70% USD/ZAR 16.53 ▲ 0.89% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.44 ▲ 0.06% USD/CNY 6.7652 ▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1438 ▼ 0.05% GBP/USD 1.3454 ▼ 0.19% SPX 7,471 ▼ 0.83% DJI 52,261 ▼ 0.55% NDX 28,724 ▼ 1.04% RUT 2,971 ▼ 0.12% TSX 35,253 ▼ 0.25% VIX 18.04 ▲ 7.83% USD/CAD 1.4015 ▼ 0.17% US10Y 4.5450 ▼ 0.53%
since 2009
Friday, July 17, 2026

Brazil Brazil Tax reform

Thanks to an expansion of the cultivated area, Brazil will harvest a record crop in 2022

By · May 13, 2022 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – The result will allow the country to recover some of the losses incurred in 2021 when production was severely affected by a severe drought in the first months of the year and frosts in June and July.

One of the world’s largest food exporters, Brazil will harvest 261.5 million tons of grain in 2022, 3.3% more than in 2021 (253.2 million tons), which would set a new record, according to a forecast released Thursday by the government.

This year, Brazilian production of cereals, pulses, and oilseeds will be 8.3 million tons higher than last year’s harvest, mainly due to a 4.9% increase in cultivated area to 71.9 million hectares.

Thanks to an expansion of the cultivated area, Brazil will harvest a record crop in 2022. (Photo internet reproduction)
Thanks to an expansion of the cultivated area, Brazil will harvest a record crop in 2022. (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

The result will allow the country to recover some of the losses incurred in 2021 when production was severely affected by a severe drought in the first months of the year and by frosts that hit vital growing areas in June and July.

With adverse weather still being felt this year, the Brazilian Institute of Geography and Statistics (IBGE), responsible for forecasting, had lowered its forecast in recent months, having projected a 2022 crop of 278 million tons when it first visited the country in December.

Despite this revision, production in 2022 will not only be 3.3% higher than in 2021 but also 2.9% higher than in 2020 (254.1 million tons), the most significant production in the country’s history to date.

The slight growth is made possible by a 4.9% expansion in planted area, from 68.6 million hectares in 2021 to 71.9 million hectares in 2022.

Soybeans, corn, and rice, the three most-produced cereals in Brazil in that order, will together account for 87.8% of total planted area and 92.2% of total production.

Corn area expanded by 8.1%, cotton area by 10.4%, and soybean area by 4.2% (to 40.4 million hectares), while wheat and rice area decreased by 2.9% and 2%, respectively.

Brazilian soybean production is forecast to decline 12.2% to 118.5 million tons this year, corn production will increase 27.5% to 111.9 million tons, and rice production will decrease 8.5% to 10.6 million tons.

The institute forecasts cotton production to increase by 11.6% to 6.5 million tons and wheat to increase by 1.4% to 7.9 million tons for other products.

Coffee production is forecast at 3.3 million tons (54.9 million 60-kilogram bags) this year, up 12 percent from 2021.

 

For the full picture, see our Brazil Tax Reform: Complete Guide.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.