Brazil’s Ag Ministry sees big 10-year rise in grain, meat production
Brazil’s Ministry of Agriculture expects that nation’s grain and meat production to continue to expand in the coming decade as producers try to meet domestic and export demand.
Brazilian grain production by the 2030/31 marketing year is expected to be 333.1 million tons, a jump of 27.1% from the current marketing year with help from better crop productivity, driven by increased soybean and second crop corn production, with the Ministry also anticipating increases for cotton and sugarcane.
Meat production is expected to grow to 34 million tons over the next ten years, an increase of 24.1% from the current marketing year, with the biggest gains coming in pork and chicken, at 25.8% and 27.7%, respectively. Beef production is expected to rise by 17% between 2020/21 and 2030/31.
Brazil is the world’s biggest exporter of soybeans and beef and plays an important role on the global market for corn, pork, and chicken, competing with the U.S. to meet demand from customers like China.