Brazil opens September exporting 28.6% more corn per day than in September/22

Maize (Corn)

Brazil

Published Sep 12, 2023

Tridge summary

In September, Brazil exported 1,965,878.6 tons of unground corn, which is 30.6% of the total exported for the month. The daily average of shipments in the first 5 working days was 393,157.7 tons, a 28.6% increase compared to the same period last year. Despite the increase in exports, the price per ton of corn has fallen by 15.1% compared to last year.

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

September began with 1,965,878.6 tons of unground corn (except sweet corn) shipped for export, according to the most recent report from the Secretariat of Foreign Trade (Secex). This already represents 30.6% of the total exported in September 2022 (6,421,876 tons). As a result, the daily average of shipments in these first 5 working days was 393,157.7 tons, which compared to the same period last year, represents an increase of 28.6% in relation to the 305,803.6 in the ninth month of 2022. For Grão Direto's Market Analyst, Ruan Sene, highlights that the demand for Brazilian corn is strong, especially after the second corn crop comes close to the end of the harvest with projections of more than 100 million tons being confirmed. "The heated demand, especially from August onwards, saw record exports, with expectations that September will also be a hot month. This brings hope of support for corn prices in the Brazilian market, although the battle between supply and demand is still is ...

Source: NoticiasAgricolas