Brazil cuts harvest forecast to 306 million tons

Ministry previews the reduction may reach 13.5 million tons compared to last season. Last week, the National Supply Company (Conab) reduced its forecast for Brazilian grain production to 306.4 million tons in the 2023/2024 season. Linked to the Ministry of Agriculture and Livestock (Mapa), the agency lowered its estimate for the Brazilian harvest for the third time in a row. If confirmed, the volume represents a drop of 13.5 million tons compared to that obtained in 2022/23. Unstable weather