Paraguay harvested 90% of second-crop corn and sold 43%

Published 2024년 8월 13일

Tridge summary

Paraguayan farmers have harvested around 90% of their 2023/24 safrinha corn with 43% of the production sold, marking the lowest output in four years at an estimated 3.64 million tons. Our article, featuring StoneX's insights, outlines the distribution of this production, with 49% intended for domestic consumption and the rest primarily exported through Argentine and Uruguayan ports, also finding its way to southern Brazil. The allocation of agricultural land for safrinha corn and soybeans depends on the timing of the initial soybean crop planting, with StoneX predicting a rise in Paraguay’s 2024/25 corn production to 4.71 million tons.

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

Original content

Farmers in Paraguay have harvested approximately 90% of their 2023/24 safrinha corn and they have sold 43% of their 2023/24 corn production, which is the lowest in four years, according to StoneX. The safrinha corn production is estimated at 3.64 million tons. Approximately 49% of Paraguay’s corn production will be consumed domestically with the remainder exported primarily through ports in Argentina and Uruguay. Some of Paraguay’s corn will be trucked across the border to livestock producers in southern Brazil where there is always a corn deficit. Safrinha corn competes with safrinha soybeans for acreage in Paraguay. The ratio between corn and soybeans as a second crop depends to some extent when the first crop of soybeans are planted. If the first soybean crop is planted later than normal, farmers ...

Source: UkrAgroConsult