Brazil: Corn exports in March already exceed 1.1 million tons, surpassing Anec's forecast

Published 2023년 3월 27일

Tridge summary

In March 2023, Brazil has seen a significant increase in its unground corn exports, with a total of 1,139,989.1 tons exported in just 18 working days, a 7,983% increase from the previous year's total for the same month. The daily average of shipments also saw a notable increase, with 9,657.9% more than the second month of 2022. The National Association of Cereal Exporters (Anec) estimates that 900,000 tonnes of cereal have been shipped in March, but expect lower volumes due to the soy harvest. So far, Brazil has collected a total of US$ 343.269 million for its corn exports in March, with a daily average of US$ 19.070 million, and the price per ton has decreased by 30.4% compared to the previous year.

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

Original content

Data released by the Foreign Trade Secretariat (Secex) indicate that Brazil has already exported 1,139,989.1 tons of unground corn (except sweet corn) up to this point in March. Therefore, the accumulated volume in just the first 18 working days of the month already represents 7,983% more than the total of 14,278.9 tons that were exported during the entire month of March 2022. As a result, the daily average of shipments was 63,332.7 tons, which, compared to the same period last year, represents an increase of 9,657.9% compared to the 649 in the second month of 2022. For the March total, the National Association of Cereal Exporters (Anec) estimated exports of 900,000 tonnes at this time and that cereal shipments are entering a period of lower volumes, since soy is dominant in ports due to the crop harvest. Itaú BBA Consulting Agro Analyst, Francisco Queiroz, warns that Brazil has already shipped 8.3 million tons of corn in the first two months of the year alone, with 1.1 million ...

Source: NoticiasAgricolas