AG CROPS BRAZIL

AG NOTES: CROPS

Five crops (rice, sugarcane, beans, corn, and soybeans) have occupied 70% of Brazil's total area of agricultural cultivability between the years 1985 to 2017.
According to analysis by the Mato Grosso Institute of Agricultural Economics (Imea), the profitability of soybeans, corn, and cotton for the 2022/2023 season in Mato Grosso should fall. Despite the high prices, production costs are expected to be the highest ever estimated by Imea.
Brazil went from producing 50 to almost 300m/t of grain in 38 years, but it will need to work closely together to feed the population of the future.
Freight rises with greater demand in the (Centro-Oeste: Goias, Mato Grosso and Mato Gosso do Sul). The increase in prices across the country is due to the lower availability of trucks with the migration to meet the corn harvest in the region.
Brazil is among the 3 largest producers of animal feed in the world. It is responsible for 7% of global market supply.