Brazil’s grain crops ‘exceeding record highs’
Grain crops in Brazil are at a record high and are set to dramatically soar, according to a government report.
The National Food Supply Company (Conab) said that levels of the crop should reach more than 140 million tonnes this year, the ABNA reported.
If the predictions are correct this would mean an increase of 40 million tonnes over the last six years.
Wagner Rossi, the president of Conab, said that the result was mainly achieved due to maize – which should increase by 700,000 tonnes during this summer.
He explained that the nation’s industry had proven its technical capacity but there would only be growth if "farmers feel safe" about investing.
"We grew by 40 million tonnes during this period – that type of growth had only occurred before in a 10-year period.
He added: "We are surely going to surpass this record high with new ones."
The announcement confirms the latest in a number of strong performances by one of the country’s industries and indicates that the economy is booming, which could be good news for anyone considering buying property in Brazil.
Meanwhile, the Associated Press reported last month that the country’s economy grew by 5.4 per cent last year.
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