Brazilian corn exports reached the highest volume in February since 2016

Maize (Corn)

Brazil

Published Mar 3, 2023

Tridge summary

According to government information released this Wednesday, corn exports from Brazil reached the mark of 2.28 million tons in February, the highest volume registered for the month since 2016. This increase can be attributed to the additional demand from China and the stocks accumulated due to the record harvest of 2022. Compared to the same period last year, shipments of the Brazilian cereal tripled in size, since, in 2021, the availability of corn was affected by the occurrence of adverse weather phenomena . But the role of China, which imported around 1 million tons in January, is being noticed by the authorities, after the Asian country opened its market to Brazil at the end of last year. Preliminary data for February does not include figures by importing nation. “The opening of the Chinese market certainly favors corn shipments.

Original content

According to government information released this Wednesday, corn exports from Brazil reached the mark of 2.28 million tons in February, the highest volume recorded for the month since 2016. This increase can be attributed to additional demand from China and stocks accumulated due to the record 2022 harvest. Compared to the same period last year, shipments of the Brazilian cereal tripled in size, since, in 2021, the availability of corn was affected by the occurrence of adverse weather phenomena. But the role of China, which imported around 1 million tons in January, is being noticed by the authorities, after the Asian country opened its market to Brazil at the end of last year. Preliminary data for February does not include figures by importing nation. “The opening of the Chinese market certainly favors corn shipments. Brazilian production too, Brazil took a leap in production”, said Undersecretary of Foreign Trade Intelligence and Statistics, Herlon Brandão, to journalists. ...

Source: Suinoculturaindustrial