Brazil is about to become the world's largest corn exporter

The International Corn Day, celebrated on the 24th of April, has a special flavor for Brazilian producers, because Brazil is on the verge of becoming the world's largest exporter of the cereal, according to data from AgRural consultancy. Brazilian corn exports reached a record 43.17 million tonnes in 2022, more than doubling compared to the previous year. The expectation is that the country will export between 46 and 47 million tons of corn in 2023, consolidating its position as a world leader in this sector. According to data from Efficienza, Brazil's possible leadership as the largest corn exporter in 2023 will be the result of a specific situation, related to slow exports from the United States and the uncompetitive prices of US corn. North American producers withheld corn and opted to sell it later, which raised prices and boosted Brazilian exports in the last months of 2022 and early 2023. Fábio Pìzzamiglio, director of Efficienza, says that the United States have always been ...