Corn exports from Brazil may fall in the 2022/23 cycle

Published 2023년 3월 21일

Tridge summary

Brazil's corn exports for the 2022/23 cycle are projected to decline to between 40 million and 45 million tons, down from 46.6 million tons the previous season, due to factors such as the export corridor in Ukraine and the recovery of the corn crop in the European Union, according to consultancy Safras & Mercado. Factors like China's authorization of Brazilian corn exports and increased competition from the US may also contribute to this decrease. Despite potential delays in planting and the impact of El Niño, Brazil is on track to achieve a new record harvest of 125 million tons or more.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Roberto Samora SÃO PAULO (Reuters) -Brazilian corn exports in the 2022/23 cycle are estimated at between 40 million and 45 million tons, compared to 46.6 million tons in the previous season, with Brazilian exporters probably not benefiting as much due to factors external markets as happened in 2022, according to a forecast by consultancy Safras & Mercado released this Tuesday. Analyst Paulo Molinari assessed that this possible drop is associated with factors such as the export corridor in Ukraine, which guarantees shipments from some ports in the country at war with Russia, in addition to a recovery of the corn crop in the European Union, which bought large Brazilian cereal volumes last season, after a drop due to drought. In a presentation made on the internet, the analyst also said that, although China authorized Brazilian corn exports at the end of last year, the Asian country should have supply in other countries, such as the United States, which should present greater ...

Source: Mixvale