Drought Cuts Brazil’s Soy and Corn by 20%

Brazil’s soy and corn are the crops that have been hardest hit by drought this year, reports the National Food Supply Company (Conab).

The soy harvest last year reached 61.4 million tons. This year it is estimated that it will just barely top 50 million tons. That is a drop of over 18%. As for the corn harvest, it will be down over 19%.


In the state of Rio Grande do Sul, where the drought was most severe, the soy harvest is down almost 75%. And the corn harvest is down around 68%.


The other southern states, Santa Catarina and Paraná, along with Mato Grosso do Sul, also had significant losses.


The bright spot in agriculture is summer-harvest rice, which is expected to rise in production by 5.2%.


As for total grain production this year, Conab says it should reach 112.4 million tons, down 5.7% from last year.


ABr

Tags:

You May Also Like

Brazil Sees G-20 US$ 1 Trillion Injection as Oxygen to World Economy

The decision by the G-20 to inject US$ 1.1 trillion into the global economy ...

The Invisible Ink, Made in Brazil

A colorless, odorless, quick-drying ink that is fluorescent only in the presence of ultraviolet ...

Latest Forecast for Brazil Growth this Year: 0.52%

The projection of financial institutions for growth of Brazil’s Gross Domestic Product (GDP) has ...

Brazil’s Word to the US: Don’t Even Think About Socializing Your Losses

Reacting to another day of sharp decline of close to 5% in the Brazilian ...

Brazil’s GDP Grows Meager 0.5% in Quarter. Lula Minimizes Poor Performance

The Brazilian GDP grew a meager 0.5% in the second quarter threatening do derail ...

Jeers for Lula, Cheers for Chavez in Brazil

The fifth edition of the World Social Forum (WSF) ended today, January 31, in ...

Brazilian Machinery Exports Grow 39% Resulting in Surplus

In spite of the appreciation of the Brazilian real in relation to the American ...

Brazilian Shoe Makers Get a Hand from Government to Export

Brazilian manufacturers of machinery and components for shoes will count on US$ 14.2 million ...

Beauties and Soccer from Brazil

Media Rights America LLC (MRA), a content rights and brokerage management group, announced it ...

Brasí­lia Declaration Urges Nuclear-Free Zone for Middle East

Brazilian President Luiz Inácio Lula da Silva participated yesterday in the third and last ...