LatinNews Daily - 12 January 2022

In brief: Brazil expects record harvest in 2022

* Brazil’s national statistics institute (Ibge) has released its final estimates for the 2021 harvest of grains, cereals, legumes, and oilseeds, as well as its third forecast for the 2022 harvest, with expectations for a record harvest this year. After yielding record results for three consecutive years, the 2021 harvest came in at 253.2m tonnes (t), 0.4% below 2020 levels. The forecast for the 2022 harvest has been revised down from the previous estimates, but the Ibge still expects a record yield of 277.1m t, a 9.4% increase on 2021. This is based on an expected 2.5% increase in the soya harvest, to a record 138.3m t, as well as increases in the harvest of maize, cotton, sorghum, and beans.

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