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.