Paraguay exported 90,528 tons less corn in January
Maize (Corn)
Published Feb 24, 2024
Tridge summary
The Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Capeco) has reported a significant drop in corn exports in January 2024, with a decrease of 90,528 tons compared to the same period in 2023. This is due to farmers prioritizing the soybean harvest and waiting for improved corn prices. Despite this, corn exports from the 2023 harvest reached 3.2 million tons by January 2024. Brazil continues to be the primary market for Paraguayan corn, followed by Chile, Uruguay, South Korea, and Peru.
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
The Foreign Trade report of the Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Capeco) reflected that in this first month of the year 154,467 tons were exported, which was 90,528 tons less than in January 2023, while the volume shipped generated a foreign exchange income of US$ 28 million. According to the union, the negative figure is due to the fact that farmers are focused on the soybean harvest, so they are slowly marketing the remaining stock of the cereal while waiting for better prices. Capeco's Foreign Trade Advisor, Sonia Tomassone, explained that the soybean harvest ends in a few weeks, so corn shipments are expected to increase in the coming months, although at the moment no improvements in prices are foreseen. except for small exceptions Corn exports for the 2023 harvest, whose period runs from May 2023, reached a volume of 3.2 million tons until January 2024. Brazil continues to be the main cereal market with 40% share, followed by Chile (24%), ...
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