Brazil corn exports grow 85.7% from 1H21

The total volume of corn exported by Brazil between January and July 2022 grew by 85.7% over the same period of the previous year, announced the country’s National Supply Company (Conab) in its August logistical bulletin.

The observed trend reflects China’s difficulty admitting approximately 10 million tonnes of grains that would typically be imported from Ukraine, in addition to pests in the country’s crops. Furthermore, due to adverse weather, European corn output predictions were cut by about five million tonnes, indicating that demand for Brazilian corn should rise. As a result, corn prices are expected to climb in domestic and international markets.

See below the track record of HS 1005 corn exports from Brazil from January 2021 to July 2022. The data are from DataLiner.

Brazilian exports of Corn (HS 1005) | Jan 2021 – Jul 2022| WTMT

Source: DataLiner (click here to request a demo)

In the case of soybeans, Brazilian exports reached 60.54 million tonnes, a drop of 8.5% compared to the 66.20 million tonnes exported in the same period in 2021. The reduction is explained by the decrease in output itself coupled with the international situation.

New record in fertilizer imports

The volume of fertilizers imported by Brazil in July exceeded that of the previous month, setting a new monthly record. As a result, the first semester total increased by 15.45% compared to the same period last year.

Please find below the track record of fertilizer imports by Brazil in terms of volume from January 2021 to July 2022. The Mercosur’s group codes used in drafting the chart below HS 2503 HS 2510, HS 2802, HS 2807, HS 2809, HS 2814, HS 2834, HS 2835, HS 3100, HS 3101, HS 3102, HS 3103, HS 3104, HS 3105. The data are from DataLiner.

Brazilian Imports of Fertilizers | Jan 2021 – Jul 2022 | WTMT

Source: DataLiner (click here to request a demo)

Source: O Presente Rural

To read the full original article, please go to: https://opresenterural.com.br/exportacoes-de-milho-no-primeiro-semestre-crescem-857-em-relacao-ao-mesmo-periodo-de-2021/

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