Brazil's maize production is projected to steadily rise from 110.27 million metric tons in 2024 to 121.55 million metric tons by 2028. Considering that the production in 2023 was 107.00 million metric tons, the year-on-year growth rates are expected to hover around 2.6% to 3.2%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an approximate annual average increase of 2.5%.
Future trends to watch for:
- Climate change impacts on agricultural outputs.
- Technological advancements in farming practices.
- Government policies affecting agricultural subsidies.
- Global demand fluctuations influencing export opportunities.
