Friday, 29 January 2010

Brazil's grain crop to increase 5.2% in 2010

Brazil's grain crop is expected to reach 140.7 million tons in 2010, up 5.2 percent from last year, according to a projection released by the Brazilian Institute of Geography and Statistics (IBGE) on Thursday.

According to the projection, the cultivated area in the country would reach 48.1 million hectares, up 2 percent from 2009. The area cultivated for soybeans is to rise 5.8 percent from last year, while the areas cultivated for corn and rice are to fall 7.1 and 2.1 percent, respectively.

Rice, corn and soybeans would take up 81.4 percent of the cultivated area in Brazil.

The soybean crop is expected to reach 65.2 million tons, up 14.4 percent from 2009; the corn crop would reach 32.8 million tons, down 3.2 percent; and the rice crop 12 million tons, down 5 percent.

Production of other products would also increase in 2010, such as beans (17.9 percent), coffee (15.2 percent) and potatoes (1 percent). The production of peanuts, on the other hand, is expected to fall 10.6 percent, while the production of cotton would fall 1.1 percent.

The 2009 grain crop was estimated at 133.8 million tons, down 8.3 percent from 2008. Despite the decrease, the grain crop is the second highest ever registered.

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