In July 2024, Brazil shipped 77.8% less corn per day than in July 2023

Published 2024년 7월 8일

Tridge summary

The Foreign Trade Secretariat (Secex) has reported a significant decrease in unground corn exports from Brazil, with the first week of July seeing only 5.28% of the total exports from July of the previous year. The daily average of shipments in the first five days of July was 77.8% lower compared to the same period in July of the previous year, and the revenue generated from these exports has also seen an 80.8% decrease. The average price per ton of Brazilian corn has also fallen by 13.3% from US$244.80 in July of the previous year to US$212.20 in the first week of July of the current year, highlighting a period of reduced competitiveness for Brazilian corn in the international market.

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

Original content

This Monday (08), the Foreign Trade Secretariat (Secex) reported that the volume shipped of unground corn (except sweet corn) reached 223,562.1 tons in the first week of July. The volume represents just 5.28% of the total exported in July last year, which was 4,230,622.7 tons. The daily average of shipments in these first 5 days of July/24 was 44,712.4 tons, representing a drop of 77.8% in relation to the daily average shipped in July of the previous year, which was 201,458.2 tons. The Managing Partner of Pine Agronegócios, Alê Delara, highlights that Brazilian corn is less competitive than grain from other origins, which reduces the volume of shipments from Brazil at this time. “When international buyers Mexico, South Korea, Japan, China itself, which has become one of the biggest buyers of corn, look at our competitors they find cheaper corn and as a result we do not have a favorable window”, points out Delara. Regarding revenue, Brazil has raised a total of ...

Source: NoticiasAgricolas