Brazil exported 8.7 million tons of corn in September'23, 36% more than in September'22

Updated Oct 3, 2023
The month of September came to an end with Brazil having shipped 8,756,939.2 tons of unground corn (except sweet corn) for export, according to the most recent report from the Secretariat of Foreign Trade (Secex). This represented 36.36% more than the total exported in September 2022 (6,421,876 tons).
The numbers were lower than expected by the National Association of Cereal Exporters (ANEC), which expected exports of 9.59 million tons of corn in the month, a level that had already been reduced from the original 10 million tons expected. As a result, the daily average of shipments in these 20 working days was 437,847 tons, which compared to the same period last year, represents an increase of 43.2% compared to 305,803.6 in the ninth month of 2022. Céleres Consultoria Analyst, Enílson Nogueira, highlights that Brazil had a standout August in exports and September also showed a good performance in corn sales abroad. In Nogueira's view, the positive outlook extends until the beginning of 2024 and this scenario should help reduce domestic supply and keep prices stable. In financial terms, Brazil raised a total of US$2.001 billion in the period, compared to US$1.809 billion in all of September ...
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