IBGE reduces estimate for Brazilian grain harvest in 2021 to 251.7 million tons
RIO DE JANEIRO, BRAZIL – The Brazilian grain harvest in 2021, which is in its final stretch, is expected to total 251.7 million tons, 1% lower than in 2020, according to a new Systematic Survey of Agricultural Production (LSPA) released on Thursday (9) by the Brazilian Institute of Geography and Statistics (IBGE). Compared to the previous projection, the volume is 1.7% lower.
Before the 2020 harvest, the IBGE calculates a 10.1% growth in soy production, to 133.8 million tons (a new record), and a 15.5% decrease in corn – whose crop was hit by the weather – to 87.3 million tons. The estimate is 11.5 million tons for rice, a rise of 4.3%, and for herbaceous cotton, 5.9 million tons, a fall of 16.6%.
Soybeans, corn, and rice are the three main products in the group. Together, they represent 92.4% of the estimated total production and occupy 87.6% of the area to be harvested. The LSPA released today indicates that this area is 68.3 million hectares, up 4.3% from 2020.
In relation to the results of the previous year’s LSPA, IBGE highlighted adjustments in the production estimates for 3rd-crop beans (4.0%, or 21,500 tons), soybeans (0.3%, or 341,000 tons), and barley (0.1%, or 600 tons) upward.
On the other hand, there were negative variations in the estimates for sorghum (6.0%, or 151,400 tons), 2nd-crop corn (-5.2%, or 3.4 million tons), 1st-crop beans (-4.8%, or 58,200 tons), 2nd-crop beans (-3.1%, or 30,500 tons), wheat (-2.3%, or 189,400 tons), and oats (-1.1%, or 11,400 tons).
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209,066.90
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11,044.42
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| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 209,066.90 | +1.38% | +21.85% | 206,220.24 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief