STAT Communications Ag Market News

Brazil Forecasts Bigger Bean Crop

VANCOUVER - Apr 8/11 - SNS -- Total field crop and dry edible bean production in Brazil is expected to increase significantly this year, according to the third production estimate for 2011 from the Instituto Brasileiro de Geografia e Estatística (IBGE).

It believes total cereal, pulse and oilseed production would reach 155.6 million MT, up 4.0% from the 2010 record harvest of 149.7 million MT.

Among the twenty-five items selected, thirteen are expected to rise above last year: herbaceous cotton (up 63.5%), peanuts first harvest (7.8%), paddy (18%), potatoes first harvest (13.2%), potatoes second harvest (10.9%), dry edible beans first harvest (27.4%), dry edible beans second harvest (4.7%), castor beans (51.3%), cassava (8.6%), grain second harvest (2.4%), soybeans (4.5%), grain sorghum (14.4%) and triticale (up 21.3%).

Crops which are down from last year include: peanuts second harvest (down 11.4%), oats (25.2%), potatoes third harvest (4.7%), cocoa (1.1%), coffee (9.7%), cane sugar (7.7%), onions (8.6%), barley (12.6%), dry edible beans third harvest (9.5%) orange (2.4%), grain first harvest (1.1%) and wheat (down 19.3%).

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