Brazil Set to Become Largest Soybean Producer With Harvest Up 8.6% in 2012-13
Date Posted: January 10, 2013
BrasiliaDomestic production in the 2012-2013 grain harvest is expected to reach 180.41 million tons (see below chart) according to the 4th survey released yesterday by the Ministry of Agriculture, Livestock and Supply (Mapa) and the National Supply Company (Conab).
This estimate exceeds last year’s production volume by 14.23 million tons, representing an 8.6 percent increase from the 2011-2012 harvest.
Soybean is currently Brazil’s highest yielding crop, reaching 82.68 million tons during the latest production season.
According to Secretary of Agricultural Policy of MAPA, Neri Geller, the 24.5 percent increase over the previous harvest will position Brazil favorably in the international market, "We will be the world’s largest producer of soybeans for the first time ever, thanks in part to federal government incentives through policies that have facilitated access to credit for producers.”
Data show Brazil’s first corn harvest is expected to reach 34.73 million tons, which, when added to the second harvest, will total 72.19 million tons.
The first bean harvest, in turn, will grow by 58,900 tons, totaling 3.32 million tons when added to additional harvests in the 2012-2013 season.
Brazil’s crops are currently in the development and flowering stage. The normalization of rainfall and favorable climate are essential for maintaining crop development.
Brazil’s cultivated area for the 2012-2013 grain harvest is 1.13 million hectares, a growth of 2.2 percent over the 2011-2012 harvest.
Soybean land area, which is the largest, has grown by 9.2 percent, or 2.31 million hectares, compared to 25.04 million hectares of soybean cultivated in the 2011-2012 harvest.
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