LatinNews Daily - 10 December 2021

* Brazil’s national statistics institute (Ibge) has released its second projection for the 2022 harvest of grains, cereals, legumes and oilseeds, which predicts a record yield next year. According to the Ibge, the 2022 season will yield a harvest of 278m tonnes (t), a 2.7% increase on its earlier forecast, and a 10% increase, or 25.2m t, on the 2021 harvest. The 2021 harvest, which has been hit by a drought and frosts, is expected to come in at 252.8m t, down 0.5% on 2020. The Ibge expects an increase in soya, maize, and sorghum, amongst other things, next year, while it predicts that production of rice and wheat will fall.

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