Brazil: Grain and Feed Update

  |   Attaché Report (GAIN)   |   BR2024-0019

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Brazil: Grain and Feed Update
With the expected end of the El Niño weather phenomenon, which severely impacted corn productivity this 2023/24 harvest, Post forecasts a year-on-year increase in corn production for MY 2024/25 (March 2025 – February 2026) at 127 MMT. Corn exports for MY 2024/25 are expected to drop to 46 MMT, based on increased domestic consumption, especially by the corn ethanol industry in Brazil. Rice planted area is forecast to increase in MY 2024/25 to 1.6 million hectares (ha), based on an anticipated recovery in profitability of the sector, though lower yields may bring production slightly lower, to 10.8 MMT. Wheat production was forecast at 9.6 MMT for MY 2024/25, 2 percent lower than the initial projection, due to the lack of incentives for producers to invest in wheat crops this coming season, in addition to the possible effects of late planting in Rio Grande do Sul.
Western Hemisphere, Brazil
Grains, Feeds and Fodders, Corn, Rice, Wheat

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