- Posted by Rafael Moro
The 2021/22 Crop Crop Perspectives of the National Supply Company (Conab) were released this Thursday (June 26) with data on the main market variables and trends for soy, rice, beans, cotton and corn crops . The data point to a total production of 289.6 million tons of grain for the 2021/22 harvest.
Even with the difficulties faced in the field, due to the negative influences of the climate and also the Covid-19 pandemic, the publication points out, in general, the maintenance of prices at remunerative levels for the main crops, in addition to a new record in the soybean production (141.3 million tons) – keeping Brazil as the largest producer and exporter of the oilseed in the world – and also a record corn production (115.9 million tons).
According to Conab, the projection for a productivity recovery of around 29% for corn, after a year marked by a decline due to climatic factors. In addition, a recovery of corn ticket stocks is expected, ending the next cycle at 9.9 million tons. The projection is for a recovery in exports of the product, going from 23.5 million tons this crop year to 39 million tons next year. For rice, the expectation is for a small increase in production (+0.4%), with an approximate projection of 11.8 million t. As for beans, the perspective is to maintain the area and increase production, due to the recovery in productivity (+5.65%), which was affected in the last cycle. With this, there is a projection of recovery of production and ending stocks, which will return to values close to the average of the last 5 years.
In relation to cotton, the resumption of demand for the product – coming from important Asian consumers –, the stronger dollar and the lower production in the US contributed to a strong appreciation of international prices, which allowed Brazil to break record exports. A good part of the crop to be planted is already sold and the producers are striving to establish themselves in the international market as regular exporters. The Company's projections indicate an increase of 13.4% in the area to be planted in the 2021/22 harvest.
By: Aline Merladete | Agrolink
This text was automatically translated from Portuguese.