Brazil grain production on track for record crop
Brazilian Minister of Agriculture, Livestock and Food Supply Reinhold Stephanes stated that Brazil's 2010 grain harvest is on track to meet historic 2007-08 crop levels.
According to a new survey released this month by the National Supply Company (Conab), the 2010 harvest is expected to yield 144.0 million tons, representing a 6.5% increase from the previous year.
This performance is approaching the 2007-08 harvest yields of 144.1 million tons, the largest in Brazil's history.
"Brazil is an agricultural superpower, leading the world's supply of essential food commodities," said Minister Stephanes.
"We will keep a close eye on the 2010 harvest, as it is very close to setting a new record for Brazil. Grain production continues to be a driving force behind our growing agribusiness exports."
The positive performance in the grain sector is due in part to increased productivity and steady rainfall.
Soybean production is leading the performance with an anticipated 18.2% year-on-year increase in annual production to 67.57 million tons.
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