Brazil's coffee output forecast to increase 14.3% year-over-year to 55 million bags in 2012/2013, report says; soybean output to grow 32.9% to 100.3 million tonnes by 2015/2016; sugar production to increase 6.6% to 42 million tonnes
February 14, 2012
– Research and Markets has announced the addition of the "Brazil Agribusiness Report Q1 2012" report to their offering.
On grains, high corn prices encouraging plantings as well as improved seeds should provide the country with a strong harvest in 2011/12, in spite of weather problems.
Soybean production growth to 2015/16: 32.9% to 100.3mn tonnes. This will be mainly due to improving yields, a greater area planted and increasing domestic demand, particularly for soybeans as an alternative fuel and for poultry feed.
Poultry consumption growth to 2016: 22.3% to 11.6mn tonnes. This will come from production process improvements and strong gains in feed crops such as corn and soybean, making the input more affordable. Domestic and export demand will also serve as key drivers over the medium term.
Sugar production growth to 2015/16: 6.6% to 42.0mn tonnes. This is because of impressive production potential coming from a vast area devoted to sugarcane in the country. Also, the government announced in May a specific credit line for independent growers to replant cane.
2012 Real GDP Growth: 3.9% (up from 3.0% in 2011; predicted to average 4.2% from 2011 until 2016).
Consumer Price Inflation: 5.8% year-on-year in November 2011 (down from 8.9% y-o-y in November 2010).
BMI maintain their bullish forecast for Brazilian 2012/13 coffee production as the country enters the upyear in its biennial cycle and on the back of good growing conditions. Indeed, the country's coffee output decreased 9.0% year-on-year (y-o-y) to 43.5mn bags in 2011/12, a 10.1% improvement on the previous down-year (2009/10). BMI forecast output to come in at 55.0mn bags in 2012/13, 14.3% higher than the previous up-year.
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