Brazil’s IBGE Hikes 2017 Grain Forecast Growth to 20.3 Percent

The latest harvest forecast growth is significantly higher than that released in December of 2016.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – This year’s Brazilian harvest should total 221.4 million tons, an increase of 20.3 percent in relation to last year, according to a report by the Brazilian Institute of Geography and Statistics (IBGE).

The report also indicates that the 2017-harvested area should increase by 4.9 percent to 59.9 million hectares.

The latest harvest growth forecast is significantly higher than the December 2016 estimate that called for a 14.2 percent increase in the 2017 harvest in comparison to the previous year.

Together, Brazil’s three . . .

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