The analysis by the Institute for Applied Economic Research (Ipea), released today (1st), shows positive scenarios for the 2022 grain harvest. “The two main grains, soybeans and corn, will have a positive production estimate, which may contribute for a greater offer in the domestic market”, analyze Ana Cecília Kreter, associate researcher at Ipea.
The IPEA study had the participation of technicians from the National Supply Company (Conab) and the Center for Advanced Studies in Applied Economics (Cepea/Esalq/USP).
“The outlook is for a record harvest for soybeans (+3.4%), recovery and expectation of record corn production (+34.1%) – hampered by drought and frost in 2021”, explains the superintendent of Intelligence and Conab’s Supply Management, Allan Silveira, who participated in the survey along with economists from IPEA.
According to the economic bulletin, the third quarter of this year showed stability “at high levels” for domestic prices, compared to the previous quarter. Soybeans stand out, which rose due to low inventories and heated demand.
And corn, which had a rise justified by concerns about the climate, good domestic demand and high import parity.
Reference: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
