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The 2022 FCV crop size is calculated at 505 million Kgs which is 10% lower than the previous year. The 2022 crop (across all varieties) experienced significant green price increments across all styles and qualities. These price increments were predominantly driven by; the reduced crop size, high demand, higher inflation rate and the appreciating R$ against the US$. There remains very little uncommitted stock available. Transplanting for the 2023 crop is ongoing and transplanted fields are showing good development. The estimated crop for 2023 is 540 million Kgs.
The 2022 Burley crop size was calculated at 41 million which is 25% lower than the previous year. The 2023 Burley crop size is estimated at 41 million which is the same as in 2022.