The Ministry of Agriculture estimates a growth of over 24%, or 75.5 mi tons. The result will stem chiefly from in soybean, corn, and cotton crops. “The domestic market, exports, and productivity gains should be the top drivers for the next decade,” the ministry reported.
The amount is up 27% from the previous 2022–23 Plano Safra. The credit is aimed at financing industrial agriculture across the country, supporting large producers and registered farmers.
Imports had been halted following a case of mad cow disease, described by the Brazilian government as “isolated and atypical.” Officials from both nations met in Beijing.
Map of Natural Agricultural Potentiality of Lands in Brazil was released last Thursday (5) when World Soil Day is celebrated, a date implemented by the Food and Agriculture Organization of the United Nations (FAO).
Despite the month-on-month shrinkage, Brazil’s crops should reach a new record this year, with production 2.3 percent (5.7 million tons) up from last year.