Paraguay: Corn exports tripled in the first two months

Published 2023년 3월 17일

Tridge summary

Between January and February 2023, Paraguay saw a significant increase in corn exports, which rose by 265% to 418,359 tons compared to the same period in 2022. This surge is attributed to a successful harvest and high global demand, leading to an influx of foreign currency by February, with a total of USD 101 million compared to USD 29 million in the early months of 2022. Despite the increased exports, the availability of corn for internal use and industrialization remains unaffected. The exports were diversified to various countries, with Brazil being the largest recipient, accounting for 46% of the total shipments. Leading the 85 companies involved in grain exports as of February 2023 were Cargill, LDC, and Agrofértil.

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

Original content

Between January and February 2023, corn exports from Paraguay tripled, since the output of 418,359 tons was registered, an increase of 303,716 tons (265%), compared to the 114,643 tons shipped during the first two months of the year. 2022. This exponential increase in cereal shipments is attributed to the successful harvest of the 2022 harvest and high global demand. The item also allowed an additional foreign currency inflow of USD 72 million (248%), considering that USD 101 million had been generated at the end of February, while USD 29 million had entered in the first two months of 2022. Lic. Sonia Tomassone, Capeco's Foreign Trade advisor, assured that the record export of corn does not affect the availability of raw material for internal use, nor its industrialization, since production allows the domestic market to be fully supplied: processing as ethanol, animal feed industries and derived industries (flour, DDS, among others). He also recalled that the export of 2022 ...

Source: Productivacm