By Nayara Figueiredo
SAO PAULO, June 22 (Reuters) – Brazilian farmers will harvest just below 94 million tonnes of corn this season, a Reuters ballot of ten forecasters indicated on Tuesday, a fall of 8.5% from the final resulting from a extreme drought.
Crop failure will result in greater imports and decrease exports of the cereal, the forecasters steered, as Brazil, dwelling to among the world’s largest meat processors, wants it to make livestock feed.
Daniely Santos, an analyst with agribusiness consultancy Celeres, lower her 2021 corn export forecast to 22.5 million tonnes from 32 million tonnes, and advised Reuters she estimates Brazilian corn imports at Four million tonnes.
If dry climate persists, corn yields could fall additional in states similar to Mato Grosso, Goias and Minas Gerais, a climate specialist mentioned.
Final yr Brazilian farmers collected 102.58 million tonnes of corn, in response to authorities estimates.
In April, a Reuters ballot of 11 forecasters confirmed the opportunity of a file corn crop of 107 million tonnes, however poor climate throughout the improvement stage damage that prospect.
Brazil’s second corn crop, which is planted after soybeans are harvested on the finish of the nation’s summer time, was probably the most hit by an absence of rainfall.
Agribusiness consultancy Safras & Mercado had initially pegged Brazil’s second corn crop at 84 million tonnes, solely to slash that forecast to under 71 million tonnes just a few weeks into the season.
Forecaster
Output (mln T)
Space (mln ha)
AgRural
90.9
19.4
Celeres
88.84
20.03
Conab
96.39
19.84
Cogo
91.7
19.8
Datagro
101.65
19.88
IHS Markit
88
19.9
Safras & Mercado
104.138
21.108
StoneX
89.68
19.25
Rabobank
89.5
19.2
USDA
98.5
Common
93.93
19.82
Highest estimate
104.138
21.108
Lowest estimate
88
12.2
2019/20 (Govt)
102.58
Common vs 2019/20
-8.43%
(Reporting by Nayara Figueiredo; Writing by Ana Mano; Enhancing by Andrew Heavens and Jan Harvey)
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