News from Brazil

Weather conditions in Brazil are particularly favourable for grains growth this season. Corn yield will be 21 mln tons higher than last season while soybean yield will be 10 mln tons higher.

All grains yield will increase to 220 mln tons. Farmers will take advantage of the record yields. Agricultural equipment purchases grew by 75% in January versus January 2016. Fertiliser sales will reach a record level since 2016.

Corn export from Brazil dropped to 1.45 mln tons in January, which is 66% lower than January 2016.

1.898 mln tons of soybean were exported from Brazil in the first 13 days of February, which is 36.2% more than the same period of 2016. The total export worth was 767.7 mln USD.

As of February 17, 2017, Brazilian farmers have harvested 24.8% of soybean areas in the country with an average of 17.1% in the past five years. 52% of soybean areas in the stae of Mato Grosso have been harvested with the numbers showing 45% in the state of Goiás, 18% in the state of Paraná and 19% in the stae of Mato Grosso do Sul.

The government of Brazil has no funds to restore the country's exhausted national food stocks, which means that there will be no more purchases soon.