Brazil exported 15% more corn per day in August 2023 compared to the same period last year; the total already exceeds 5.2 million tons

Maize (Corn)

Brazil

Published Aug 23, 2023

Tridge summary

Brazil exported 5,224,860.3 tons of unground corn in the first three weeks of August, accounting for 70.16% of the total exported for the entire month. This represents a 15.3% increase compared to the same period last year. Market analysts predict that Brazilian corn exports will continue to increase in the coming months, with expectations of reaching 7 to 8 million tons.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In three weeks of August, Brazil recorded shipments of 5,224,860.3 tons of unground corn (except sweet corn), according to a new report by the Foreign Trade Secretariat (Secex). This already represents 70.16% of the total exported in August 2022 (7,446,091.3 tons). As a result, the daily average of shipments in these first 14 working days was 373,204.3 tons, which in comparison with the same period last year, represents an increase of 15.3% compared to the 323,743.1 in the eighth month of 2022. For the Market Analyst at Grão Direto, Ruan Sene, the market expects Brazilian corn exports to continue advancing with more shipment volumes. "This month promises to be very heated in terms of corn exports, which could reach between 7, maybe even 8 million tons, and in the coming months expectations are also high. We still have this scenario that is a little uncertain, but with good expectations that the numbers will be expressive", emphasizes Sene. In financial terms, Brazil collected a ...

Source: Portal Do Agronegocio