Agroconsult sees new records for corn production and exports from Brazil

SAO PAULO (Reuters) - Brazilian corn production and exports are expected to reach new historic highs, with an estimated harvest of 125.5 million tonnes in the 2022/23 season and shipments with the potential to reach 51.9 million tonnes in year, said Agroconsult this Tuesday. The expectation for corn is lower than the 130.9 million estimated by the consultancy in January, in view of an initial projection of growth for the planting area of the second crop that was not confirmed and should remain stable at 16.7 million hectares. The total cereal area was estimated at 22 million hectares, a slight decrease of 0.8% year-on-year. Even so, the projection for total corn production is 6.2% higher than last season's harvest. Of the total, about 97.2 million tons should be harvested in the second crop, which is being sown in the country, with a delay in several states due to a lengthening of the soybean cycle. If confirmed, the volume will represent an increase of 5.4% over the "safrinha" of ...