LatinNews Daily - 12 August 2020

* Brazil’s national statistics institute (IBGE) has predicted that Brazilian grain production will reach record highs in 2020. The IBGE estimates that 250.5m tonnes of grains will be produced this year – a 3.8% increase on 2019, when the current production record was set. Rice, soya, and maize crops are forecast to make up 92.2% of the yield. Of these, rice production is expected to increase by 7.3% compared with last year and soya by 5.9%, whilst maize production is predicted to decline by 0.8% compared with the 2019 harvest. The grain industry has largely avoided the damage caused to other sectors by the coronavirus (Covid-19) pandemic, and the current IBGE forecast represents a 1.3% increase on its previous estimate for the 2020 grain harvest, made in June.

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