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The Brazilian orange crop for 2016/17 is forecast at 351.7 million boxes, down 14 percent from the previous crop, due to weather-related problems during blossoming and fruit setting.
Agriculture has always played a critical role in Brazil’s economy, serving as a primary source of revenue and central generator of employment.
ATO/Sao Paulo projects Brazilian coffee production for Marketing Year (MY) 2016/17 (July-June) at 55.95 million 60-kg bags, up 13 percent relative to MY 2015/16, due to expected high arabica yields...
Brazil’s MY 2016/17 sugarcane crush is estimated at 680 mmt, a two-percent increase compared to the previous season due to good weather conditions that favored steady development of sugarcane stocks.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.
Post forecasts cotton planted area for 2016/17 to increase to 980,000 hectares based on higher domestic prices and export demand.
The weak Brazilian currency and high inflation, fueled by an uncertain political atmosphere, will have a large impact on all producers in Brazil.
Excise Tax on Industrialized Products (IPI) on alcoholic beverages was changed from an ad rem to an ad valorem system.
On March 23, 2016, legislation was signed into law to increase Brazil’s biodiesel-use mandate from the current 7 percent, to 10 percent by 2019.
Post forecasts both beef and pork production to continue to increase in 2016 to 9.6 million metric tons and 3.6 million metric tons, respectively.
Post increased its forecast for Brazil’s 2015/16 soybean production to a record 100 million metric tons (mmt).
Post revised broiler production to increase by 3 percent in 2016 to 13.5 million metric tons (MT) from the record production level of 13.1 million MT last year.