May 14, 2012

Brazil's crop grain forecast down

The Brazilian Census Bureau has forecast at 0.5% dip in the country's 2012 grain crops.
 The fourth prediction of the national harvest of cereals, legumes and oilseeds points to production of about 159.3 million metric tons, 0.5% lower than in 2011 (160.1 million metric tons) and 0.5% above the March estimate.   
The area to be harvested in 2012, of 50.2 million hectares, presents increase of 3.2% over the 2011 figure, and increase of 0.8% over that of previous month.  
The three main crops, rice, corn and soybeans which, together, make up 91.2% of the output of cereals, legumes and oilseeds, account for 84.3% of the area to be harvested.   
Compared with the previous year, rice presented decrease of 11.6% in the area directed to harvesting, whereas corn and milk recorded decreases of 14.1% and 3.1%, respectively.    
Concerning production, rice and soybeans faced decrease of, respectively, 13.8% and 11.4%, and corn, increase of 19.5% compared to results of year 2011.  

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