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Safra 2016/2017 grows 30.4% and beats record

IBGE

Impacts of the crop are positive for both domestic and foreign markets

The expectation for the 2016/2017 grain crop is a new record. According to the latest estimate by the Brazilian Institute of Geography (IBGE), there should be a growth of 30.4% compared to the previous harvest, reaching 240.9 million tons. The data were released by the institute on Tuesday (12).

The IBGE researcher, Carlos Antonio Barradas, explains that the impacts of the crop that Brazil is harvesting are positive for both the domestic and the external markets.

For him, record harvests this year are contributing to the reduction of inflation. Barradas' assessment is that the beginning of harvests led to a fall in prices of the food sector, especially the price of carioca beans, which fell 14.86% in August. 

In relation to the foreign market, the researcher noted that the soybean export is a record. In August alone, six million tonnes were exported, 56% more than in August 2016.

Conab

Besides the IBGE, the National Supply Company also makes this survey. According to Conab, there should be a growth of 27.9% compared to the previous harvest, reaching 238.7 million tons.

Data show that this percentage increase represents an increase of 52.1 million tons compared to the previous harvest. At the same time that there was this strong increase, the area planted advanced little, which means increase of productivity. The area planted was 60.9 million hectares, an increase of 4.4% compared to the 2015/2016 harvest.

The soybean crop, the most produced grain in the country, was 114 million tons. Production of first-crop maize reached 30.46 million tons, an increase of 18.3% over the previous harvest. Already the harvest of the second crop corn is in final phase, with estimate of total production of 67.25 million tons.

Data on these products and other grains are in the 12th Survey of Grain 2016/2017, released on Tuesday (12) by Conab. The company tracks the Brazilian grain harvest 40 years ago.

Source: Portal Brasil, with information from the National Supply Company and IBGE