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10/07/2017

Brazil projected to overtake the United States as the largest soybean producer by 2026

Increase in global maize production will be driven mainly by Latin America.

Brazil will overtake the United States as the world’s largest soybean producer in the coming decade, while the increase in maize production will be driven mainly by Latin America, according to the new OECD-FAO Agricultural Outlook 2017-2026 report.

The report, published today, provides ten-year projections to 2026 for the major agricultural commodities.

It states that Argentina and Brazil experienced the strongest expansion in crop areas over the past ten years, adding respectively 10 million hectares and 8 million hectares to global crop land. For the next ten years, crop land expansion is expected to be in a similar range for these two countries.

Increase in global maize production will be driven mainly by Latin America.

Over the outlook period (2017-2026), global cereal production is set to grow by around 1% per annum, leading to a total increase by 2026 of 11 % for wheat, 14 % for maize, 10 % for other coarse grains, and 13% for rice.

In the case of maize, area expansion accounts for only 10 % of the total increase in production, driven mainly by growth in the area under cultivation in Latin America, which increases by 6.6% from 33.5 million hectares in the base period to 35.7 million hectares in 2026.  

Latin America will contribute 28% of the total increase in maize production, or 39 million tonnes. Of this, around one-quarter is due to the increase in area. Asia and Pacific will account for 24% or 33 million tonnes. In contrast with Latin America, the growth in Asia and Pacific will be driven almost exclusively by yield gains. North America will contribute 31 million tonnes  or 22% of the total increase. Together, these three regions will account for 74% of the total increase. 

This article is incomplete. Click here to read the full text from its original source, FAO
Photo Credit: CC0 Dominio Público
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