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Second corn harvest in Brazil's top growing state hits 41%

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UkrAgroConsult

The harvest of second corn crop in Brazil's key Mato Grosso state reached 40.8% of the sown area as of last Friday, up 19.5 percentage points from the same period last year, according to a report published by the Instituto Matogrossense de Economia Agropecuaria.

Mato Grosso is the largest corn producing state, accounting for over 42% of the second corn crop in Brazil. The south American country is also the second largest corn exporter in the world after the US.

The second corn crop is normally planted between February-March and the harvest starts between July-August.

Since second corn crop, also known as safrinha, is planted after soybean harvest, the early harvest of soybeans helped farmers to plant corn during the ideal planting window.

Soybeans account for majority of the first-crop production seen in Mato Grosso.

In Parana, the second largest producer of safrinha corn crop in Brazil, harvest reached 34% of the planted area as of last Wednesday, according to the data released by the state's Department of Rural Economy.

Safrinha corn output in the country is forecast at 70.7 million mt in 2018-19, up 31.1% year on year, due to favorable weather conditions, according to national agricultural agency Companhia Nacional de Abastecimento, or, Conab.

Majority of the country's corn exports are from the second crop season as the first crop that is grown largely in the southern states of Brazil is consumed by the domestic livestock and poultry industries. Moreover, transportation makes corn grown in the central Brazil expensive for the feed consumers which are concentrated in the southern region.

Brazil is expected to export 32 million mt of corn in 2019-20, according to the latest estimates from the US Department of Agriculture.


spglobal.com

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