In just 8 days of March, Brazil exports 731.7 thousand tons of corn, a volume 5,024.8% greater than the whole of March 2022

Published 2023년 3월 13일

Tridge summary

In just the first eight working days of March 2023, Brazil's unground corn exports have seen a significant increase compared to the same period in 2022, with a total of 731,769.7 tons exported, a 5,024.8% increase from March 2022. The daily average of shipments also increased drastically, reaching 13,993.3% more than the second month of 2022. The National Association of Cereal Exporters (Anec) expects the exports to reach up to 803.2 thousand tons for March. The exports have already earned Brazil US$ 219.731 million, with the price per ton decreasing by 30.6% compared to last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first part released by the Foreign Trade Secretariat (Secex), the month of March 2023 already surpassed exports of unground corn (except sweet corn) for all of March 2022, accounting for shipments of 731,769.7 tons. Therefore, the accumulated volume only in the first 8 working days of the month already represents 5,024.8% more than the total of 14,278.9 tons that were exported throughout the month of March 2022. As a result, the daily average of shipments was 91,471.2 tons, which in comparison with the same period last year, represents an increase of 13,993.3% compared to the 649 in the second month of 2022. For the March total, the National Association of Cereal Exporters (Anec) estimates exports of up to 803.2 thousand tons For the Grain and Animal Protein Analyst at HedgePoint Global Markets, Pedro Shicchi, Brazilian corn exports will define the balance of supply and demand in the domestic market throughout 2023. In financial terms, Brazil collected a total of US$ ...

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