Corn exports already exceed November/21 and send Brazil to a record…

Corn exports already exceed November/21 and send Brazil to a record…
Corn exports already exceed November/21 and send Brazil to a record…

2019 was the most exporting year with 41.8 million tons of corn shipped

So far in November, Brazil has already exported 3,490,758.8 tons of unground corn (except sweet corn), according to the report released by the Ministry of Economy, through the Foreign Trade Secretariat (Secex).

Therefore, the accumulated volume in these first 12 working days of the month already represents 45.9% more than the total of 2,392,522 tons that were exported throughout the month of November 2021.

As a result, the daily average of shipments was 290,896.6 tons, which in comparison with the same period last year, represents an increase of 131% compared to the 125,922.2 of November 2021.

Last Wednesday (16), Anec (National Association of Cereal Exporters) had raised the corn export estimate in November from the 6 million tons estimated at the beginning of the month, to the current 6.64 million tons.

In case of confirmation, this would be the fourth month in a row with shipments above 6 million tons of corn.

For the market analyst at Grão Direto, Ruan Sene, Brazil should end November shipping more than 5.5 million tons, reaching 37 million in the accumulated of 2022 and only missing 5.8 million to reach the export record of 41 .8 million tons registered in 2019.

“However, if December maintains this pace, it could lead the country to break its 2019 record, which in the current scenario is quite possible. This panorama puts Brazil in the spotlight as an important cereal supplier to the world, offering more opportunities to the Brazilian producer”, points out Sene.

In financial terms, Brazil has already raised a total of US$ 1,001 billion in the period, against US$ 513.251 million in all of November last year. Which in the daily average, leaves the current month with an increase of 209.1%, with US$ 83.487 million per working day against US$ 27.013 million in the last month of November.

Another increase appeared in the price per ton obtained, which rose 33.8% in the period, from US$ 214.50 last year to US$ 287.00 this November.


The article is in Portuguese

Brazil

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