Agence France-PresseFebruary 11, 2014 13:19
Weeks of drought and heat have hit Brazil's soy and corn production, but the agriculture ministry on Tuesday still predicted a record 2014 harvest.
Corn production is set to total 75.5 million metric tons, down from a January estimate of 79 million, state food supply agency Conab said in its monthly report.
Soy production will be 90 million tons, just off a January forecast of 90.3 million, and still 10.4 percent higher than last year, Conab said.
For soy, grain and rice combined, Conab now expects 2013 to show a 3.6 percent increase overall, to 193.6 million tons.