2025 begins with positive projection for Brazilian corn exports

Published Jan 10, 2025

Tridge summary

In 2024, Brazil's corn exports saw a significant decrease of 28.8%, totaling 39.783 million tons, due to lower production and increasing domestic demand. Despite this decrease, the domestic market never experienced a shortage, and stocks remained stable. Looking ahead, there is potential for an increase in exports in 2025 due to anticipated higher supply and favorable exchange rate conditions, especially if the appreciation of the dollar against the real continues. China's behavior towards Brazil's corn exports could also impact the market, as it previously purchased 27% of Brazil's corn exports in 2023. The outcome of the political tensions between China and the US, particularly with regards to trade, could significantly influence the demand for Brazilian corn.

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

Original content

From January to December 2024, Brazil exported 39.783 million tons of corn, according to data consolidated by Secex (Secretariat of Foreign Trade). This volume was 28.8% lower than the 55.898 million tons recorded throughout 2023, a record year for the country, which became the world's largest exporter of the grain in the period. “Compared to 2023, the volumes of corn shipped from Brazil were significantly lower in 2024. Among the factors for this decrease are the lower Brazilian production in the year between 122 and 123 million tons compared to more than 132 million in 2023 and the growing domestic demand from both the animal protein and ethanol sectors, which alone should consume 17.7 million tons in 2024”, explains the Grains and Projects Consultant at Agrifatto, Stefan Podsclan. “The reduction in 2024 compared to 2023 was around 30%, but even so, it is an interesting value, there was no shortage of corn in the domestic market and stocks remained stable”, adds João Vitor ...

Source: NoticiasAgricolas