Brazil imports record volumes of Argentine corn for poultry and pork feed

Published 2021년 9월 10일

Tridge summary

Brazil is struggling with a grain shortage, particularly corn, for its poultry, swine, and feedlots, leading to a significant increase in imports, doubling compared to 2020. The majority of these imports are coming from Argentina. Despite the US dollar's strengthening in Brazil, this situation is expected to drive up grain prices. In response, the Brazilian government has lowered the import tariff on corn from non-Mercosur countries to 8% to ensure the continuation of its leading role in the global export of animal protein.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While Brazil fulfills the last shipments of corn contracted before and at a lower pace and volume than in the previous year, grain imports compared to 2020, more than doubled this year, mainly from Argentina. So far, Brazil has purchased 1.3 million tonnes of corn and in the first three days of September it has already unloaded 65.7 thousand tonnes against 147 thousand tonnes for the same month in 2020, points out Secex, the country's Foreign Trade Secretariat. . And this is just the beginning, according to companies that bought Argentine corn and should be delivered in the coming weeks. The scarcity of grains needed to feed poultry, swine and feedlots has forced Mercosur members to supply supplies. This is expected to have a consequent impact on the price of grain, even when the US dollar in Brazil has experienced some strengthening. ...

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