Corn exports from Brazil to China amount to just 70,000 tons in February

Published 2023년 3월 14일

Tridge summary

In February, Brazil's corn exports to China significantly dropped to 70,000 tonnes, a decrease from 983.7 thousand tonnes in January, as the country's focus shifted to the new soybean crop. The total exports also fell by over 60% to 2.275 million tonnes. Besides China, traditional importers such as Japan, South Korea, Vietnam, and Iran increased their corn purchases. Brazil's logistical challenges, especially with a record soybean crop, also impacted corn and soybean exports. In February, soybean exports amounted to 5.2 million tonnes, with China receiving 3.59 million tonnes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Roberto Samora SAO PAULO (Reuters) - Corn exports from Brazil to China totaled just 70,000 tonnes in February, practically the equivalent of a Panamax ship, with grain shipments more centered on the new soybean crop, according to data published by the Brazilian government statistics system with details by destination. The volume represents a sharp drop in comparison with January, when exports to China totaled 983.7 thousand tons of corn, out of a total exported by Brazil of 6.17 million tons in the first month of the year. In February, total shipments from Brazil also fell by more than 60% compared to January to around 2.275 million tons, at a time when soy exports usually take center stage in ports, with the arrival of the new crop on the market. "February is not traditionally a month for corn exports from Brazil, now Brazil will only increase shipments (of the cereal) from July onwards", said corn analyst at consultancy Safras & Mercado, Paulo Molinari, referring to the ...

Source: NoticiasAgricolas