Brazil grain storage deficit to reach 117 mln T in 2022/2023, says industry group Abimaq

Written by Nayara Figueiredo for Reuters

Brazil, which is poised to reap more than 300 million tonnes of grains in the 2022/2023 season, faces a grain storage deficit of 117 million tonnes this cycle, according to a representative from machinery markers’ industry group Abimaq.

Brazil would need to invest 15 billion reais ($2.90 billion) per year to avoid widening the grain storage gap, Paulo Bertolini said.

($1 = 5.1700 reais)

(Reporting by Nayara Figueiredo Writing by Ana Mano Editing by Steven Grattan)

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