10/08/2017 Economy

Brazil to Harvest Record Grain Crop in 2017

Grain harvest will grow this year a 31.1 percent with respect to 2016, and it will reach a record figure of 242.1 million tons, estimated Brazilian Institute of Geography and Statistics ( IBGE) today.

 

EBC/ARCHIVE LANA

 
 

In a new estimation divulged on Thursday the institution detailed that regarding June's previsions producing projections increased 1.8 million tons.

Records on the soybean harvest (115 million tons) and corn (99.4) are also expected, said IBGE and stressed that these products and rice represent this year 93.6 percent of estimated products.

 

 

EBC/ARCHIVE LANA

 
 

According to IBGE's researcher Carlos Antonio Barradas, quoted by Brazilian Agency, the escalating rise in products projections obeys two key factors.

 

 

EBC/ARCHIVE LANA

 
 
 

One is the rainy weather that benefited workings after a too dried 2016.

The other element is grain prizes' increase, which stimulated both the gain of planted area of soybean, corn, rice and beans, and a higher investment in production technologies.

 

 

EBC/ARCHIVE LANA

 
 
 

PAL/ALI/EBC/LANA