Rapid Increases in Grain Storage Capacity in Brazil’s Major Grain Growing Areas
Crop size has been increasing in Brazil and reports suggest that there is not enough storage for all of the crop at harvest time. This forces more of the crop to be moved through marketing channels, especially export channels, at harvest time and can overload the export logistics systems of Brazil and cause additional downward pressure on both Brazilian farm prices but also world grain prices.
Figure 1 shows the percent change in grain storage capacity in Brazil from 2022 to 2023. Nationally, total grain storage capacity grew by 14.5% from the first half of 2022 to the first half of 2023. The state of Rondônia had the largest percentage increase in grain ...
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