Fri, 25 Sep 2020

RIO DE JANEIRO, Aug. 11 (Xinhua) -- Brazil, one of the world's leading grain producers, expects to see a 3.8 percent increase in its output of cereals, beans and oilseeds in 2020 compared to 2019, for a record 250.5 million tons, the Brazilian Institute of Geography and Statistics (IBGE) said on Tuesday.

According to an IBGE report, this year the South American country will cultivate 2.6 percent more land than in 2019, for a total of 64.9 million hectares.

Soybean, rice and corn, Brazil's three main agricultural products, will together account for 92.2 percent of production and 87.1 percent of the planted area.

Rice production is expected to increase by 7.3 percent compared to last year, to reach 11 million tons, while soybean output is to grow by 5.9 percent, to 120.1 million tons.

Corn output, on the other hand, is expected to decrease by 0.8 percent, for a harvest of 99.8 million tons.

Other grains are also expected to see growth in output, including oats (6.9 percent to reach one million tons), wheat (6 percent to reach 7.4 million tons) and barley (4.5 percent to reach 418,400 tons).

Brazil's Economy Minister Paulo Guedes said Monday an increase in agricultural exports to Asia in the first half of the year helped offset the drop in shipments to other destinations, such as Argentina, the United States and Europe.

It also helped cushion the blow to the Brazilian economy of the novel coronavirus pandemic, said Guedes.

More Venezuela News

Access More

Sign up for Venezuela News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!