News

Slow corn shipments: in 4 weeks of March/24, Brazil shipped only 18% of what was registered in all of March/23

Maize (Corn)
Brazil
Market & Price Trends
Published Mar 26, 2024

Tridge summary

In the fourth week of 2024, Brazil has experienced a significant downturn in its corn export sector. The country shipped only 245,541.3 tons of corn, marking an 18.38% retention of the volume exported in March 2023. This decline is further highlighted by a 73.6% decrease in the daily average shipment volume and a 75.8% reduction in daily average financial earnings from corn exports. Moreover, the average price per ton of Brazilian corn has decreased by 8.5% compared to the previous year, indicating a challenging period for the nation's corn export market.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By the fourth week of 2024, Brazil had shipped 245,541.3 tons of unground corn (except sweet corn) for export, according to a report from the Secretariat of Foreign Trade (Secex). This represents just 18.38% of the total exported in March 2023 (1,335,257.5 tons). As a result, the daily average of shipments in these first 16 working days of the month was 15,346.3 tons, representing a drop of 73.6% in relation to the daily average of shipments of 58,054.7 tons recorded in the 23 working days of last March. In financial terms, Brazil raised a total of US$67.603 million in the period, compared to US$401.744 million in March of last year. Which, on a daily average, leaves the current month with a drop of ...
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