Brazil’s farms send products to about 200 places across the globe. From January to July 2023, these exports made nearly US$100 billion. China is the top buyer, providing 37% of this income. Next, the European Union imports 13%, and the United States adds 5%. These three make up 55% of the total income from exports. […]
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Brazil’s Grain Production to Dip by 3.8% in 2024
In 2024, Brazil expects to harvest 303.4 million tons of grains, marking a 3.8% drop from 2023’s peak of 315.4 million tons, as per IBGE’s report. This decline in output highlights a modest shrinkage in farming land to 77.6 million hectares, a minor 0.3% reduction. Corn, soybeans, and rice, key crops in Brazil, will dominate, […]
