SLC Agrícola S A : Consulting firm raises forecast for global harvest 2021/22 to 2.292 billion tons
June 24, 2021 at 08:39 am EDT
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Consulting firm raises forecast for global harvest 2021/22 to 2.292 billion tons
The International Grains Council (IGC) revised upwards its forecast for the world grain harvest in the 2021/22 crop year to 2.292 billion tons. The new forecast is slightly higher than the previous figure, of 2.287 billion tons, and 3% higher than the estimate for the 2020/21 crop year.
Meanwhile, for the 2020/21 crop year, the IGC projects that 2.220 billion tons were harvested worldwide. According to the council, Brazil is responsible for the downward revision by 6 million tons from its previous forecast, given the lower expectation for the country's corn production.
As a result, Brazil will account for slightly more than 10%, since the forecast, according to Conab, is estimating that the country harvested 262.13 tons of grains in 2020/21.
For soybean, the IGC is keeping unchanged its production forecast of 383 million tons, while estimating corn production of 1.192 billion tons.
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SLC Agrícola SA published this content on 24 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2021 12:38:02 UTC.
SLC Agricola SA is a Brazil-based company principally engaged in agricultural sector. The Company is active in the in the whole agricultural production cycle, which includes planning, purchasing supplies, soil preparation, planting and harvesting, as well as processing and storage, among others. The Company's activities are divided into two business segments: Agricultural production and Land portfolio. The Agricultural production division focuses on developing plantations of various crops, such as cotton, soybean, corn, wheat, coffee, sorghum, sugarcane and sunflower. The Land portfolio division is responsible for the acquisition and development of land for agriculture. The Company operates through a number of subsidiaries, such as Fazenda Planorte Empreendimentos Agricolas Ltda, SLC-MIT Empreendimentos Agricolas SA and Fazenda Parnaiba Empreendimentos Agricolas Ltda.
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