FAO forecasts lower production of rice, cereals, soybeans and sugar

The Food and Agriculture Organization of the United Nations (FAO) forecasts a decline in soy, rice, coarse grains, soybean and sugar production in Latin America and an increase in production of milk and beef

According to the report, Brazil will replace the United States as the world's third largest supplier of soybean oil and will remain the world's largest promoter of meat and meat. poultry meal.

coarse grain production in Argentina and Brazil, and maize harvests would decrease by 15 percent from the record of 2017.

Outlook is negative for rice and indicates annual reduction of 1.5 percent of total production, which will fall to 18.6 million tonnes. Argentina, Brazil, Ecuador, Colombia, Uruguay and Venezuela will harvest less rice than in 2017, declines that will not be offset by increases planned in Bolivia , Chile, Cuba, the Dominican Republic, Guyana, Paraguay and Peru. sugar, there would be a decrease in production due to adverse weather conditions and a larger proportion of the sugarcane crop used for ethanol production (Brazil).

We expect a drop in sugar production in Brazil. 36 million tonnes, 4 million tonnes less than the 2016/17 volume. It is expected that 58% of the sugar cane crop will be used to produce ethanol. World beef production would increase by 1.8 percent to 72.1 million tonnes in 2018, a third year of solid growth.