SÃO PAULO, BRAZIL — Due to a severe drought, Brazil’s second corn crop is expected to reach a five-year low, according to AgRural, Reuters reported.
Brazilian farmers in the center south are expected to produce 60 million tonnes of second corn, a drop of 5 million tonnes from the May forecast and a 17-million-tonne drop from the consultancy’s first projection.
Expected yields of 77.5 60-kg bags per hectare is the lowest for the region since 2016, Reuters said.
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KANSAS CITY, MISSOURI, US — It was a bumpy ride for the global grain industry in 2024.
An already unstable geopolitical situation worsened with military conflicts expanding in Ukraine and the Middle East. Transporting grain efficiently was a challenge, in part because of those wars. And several of the world’s largest agribusiness companies saw profits tumble in a suboptimal economic climate for global agriculture.
The establishment in both Europe and the United States saw a conservative backlash against their liberal policies, leading to political unrest in countries such as France and the return of Donald Trump to the US presidency after a four-year absence. The result will likely be a continued trend toward protectionist policies that will impact the global grain trade in the coming years as well a reduced emphasis on “green” environmental policies that had become prevalent during the past four years.
The following are World Grain’s top 10 stories for 2024.
KANSAS CITY, MISSOURI, US — These are the 12 nations at which World Grain took an in-depth look through its monthly Country Focus series in 2024. Revisit the locations and the perspective they provide on global grain, flour and feed issues: