Brazil: February/23 ends with corn exports almost 3 times higher than in 2022

Published 2023년 3월 1일

Tridge summary

Brazilian corn exports in February 2023 saw a significant increase, with a total of 2,276,898.3 tons shipped, marking a 196.3% increase from the previous year. The daily average of shipments also rose by 212.8% compared to February 2022. The National Association of Cereal Exporters estimated that Brazil exported 1.95 million tons, which was surpassed by 16.7%. China's presence as a buyer has contributed to this surge. In financial terms, Brazil collected a total of US$ 693.933 million, with an increase of 255.9% compared to the same period last year.

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

Original content

Brazilian corn exports ended February 2023 accounting for shipments of 2,276,898.3 tons of unground corn (except sweet corn), according to data released by the Foreign Trade Secretariat (Secex). Therefore, the accumulated volume in the 18 working days of the month represents 196.3% more than the total of 768,396.6 tons that were exported during the entire month of February 2022. As a result, the daily average of shipments was 126,499.4 tons, which, compared to the same period last year, represents an increase of 212.8% compared to 40,441.9 in the second month of 2022. For the February total, the National Association of Cereal Exporters (Anec) estimated that Brazil would export 1.95 million tons, a volume that ended up being surpassed by 16.7%. The Céleres analyst believes that Brazil should continue with a large volume of shipments in the second half and end the cycle with 50 million tons exported by February 2024. “The volume will be fostered both by traditional Brazilian markets ...

Source: NoticiasAgricolas