Anec projects shipments of more than 7 million tons of Brazilian corn in December

Published 2023년 12월 19일

Tridge summary

Brazil's corn exports are projected to reach 7.17 million tons in December, a slight increase from previous forecasts, but still lower than the previous year. The country is expected to achieve record shipments of 56.2 million tons of corn in 2023, largely driven by demand from China and a record harvest. Additionally, Brazilian soybean exports are anticipated to reach 3.5 million tons in December and a record 101.1 million tons in 2023, with shipments exceeding 100 million tons for the first time in 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SÃO PAULO (Reuters) - Brazil's corn exports were estimated this Tuesday at 7.17 million tons in December, versus 7.14 million in the previous week's forecast, according to data from the National Association of Cereal Exporters (Anec). In the annual comparison, if the projection is confirmed, Brazil's exports would fall by 118 thousand tons. Anec also projected that Brazil could close the year with record shipments of 56.2 million tons of corn in 2023, compared to 44.7 million tons last year, driven by demand from China and a record harvest. . The Asian country began purchasing corn from Brazil in significant volumes at the end of last year, after signing an agreement. Brazil's soybean exports are expected to reach 3.5 million tons in December, with little change compared to the projection released last week (3.45 million tons). But the volume represents more than double the 1.52 million tons in the same month in 2022, according to Anec, with Brazil counting on greater stocks after ...

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