The forecast for rice production at farm gate in Brazil shows a steady upward trend from 2024 to 2028, with values increasing from 2.88 billion Euros in 2024 to 3.04 billion Euros in 2028. In 2023, the actual value was slightly below the 2024 forecast, reflecting positive momentum in production growth. The year-on-year growth rates are approximately 1.39% for each subsequent year. Over the last five years, the compound annual growth rate (CAGR) is projected to be around 1.35%, indicating consistent expansion in production value.
Future trends to watch for:
- Technological advancements in agriculture and their impact on yield improvements.
- Export demand influenced by global trade policies and international agreements.
- Climate change affecting crop yield and production stability.
- Government policies and incentives supporting rice production.
