Argentina's corn cultivation area to decrease sharply; exports in Brazil are expected to decline

게시됨 2024년 11월 24일

Tridge 요약

For the 2024-25 cropping season, Brazil and Argentina are expected to have contrasting corn production scenarios. Brazil's planted area may remain stable, but a decrease in exports is anticipated due to increased international competition. The country, however, aims to increase its total corn harvest by 3.6% from the previous year, as per its food agency, Conab. In contrast, Argentina faces its largest reduction in corn planted area in 17 years due to a corn disease, yet its exports are projected to reach their highest level since the 2020-21 season. These developments contribute to a mixed outlook for the global corn market, with Brazil's exports seeing a significant decrease and Argentina's experiencing an increase, despite the changes in production patterns.
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원본 콘텐츠

Corn production in two major South American agricultural countries will develop in two different directions during the 2024-25 cropping season, according to official forecasts from consulting agencies in Brazil and Argentina, the Agriculture news portal reported on November 22. Brazil and Argentina together account for about 40% of global corn exports. In Brazil, the planted area is expected to remain unchanged, but exports will decline significantly due to increased competition in the international market. In contrast, Argentina expects the largest reduction in corn planted area in 17 years, due to concerns about the potential impact of a corn disease that seriously affected fields last season. Despite this, Argentine corn exports are expected to reach their highest level since the 2020-21 season, according to analysts. Brazil, however, intends to increase production while reducing exports. Brazil's food agency, the National Supply Company (Conab), has raised its estimate for the ...
출처: Zol

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