Anec: corn exports reach 31.8mt YTD, up 120% from 2021

Corn exports from Brazil totaled 31.8 million tonnes year-to-date (January to October), more than twice the volume shipped in the first ten months of 2021, which was 14.5 million tonnes, according to the National Association of Cereal Exporters.

The amount also exceeds the 20.6 million tonnes exported in the twelve months of last year, when drought and frost hit the cereal crops, reducing the availability of grains to be shipped.

In October 2022 alone, the country exported 6.24 million tonnes of corn, up from 1.87 million a year earlier, the data showed.

Please find below the record of the volume of corn (hs code 1005) exports from Brazil between Jan 2019 and Sep 2022. The data is from DataLiner.

Brazilian Corn Exports | Jan 2019 – Sep 2022 | WTMT

Source: DataLiner (click here to request a demo)

As for soybean shipments, Anec reported that 3.56 million tonnes were exported last month compared to 2.98 in October 2021. With the previous month’s results, the largest global producer and exporter of the oilseed has already shipped 74.45 million tonnes in 2022.

“In October, Anec increased its soybean export forecast for 2022: 75.5 million tonnes,” said the association.

If the volume is confirmed, exports will total less than the 86.6 million tonnes shipped in 2021. This is because the La Niña weather phenomenon reduced output for the 2021/22 soybean crop.

Anec also reported that soybean meal exports reached 1.817 million tonnes in October compared to 1.337 million a year earlier, accumulating 17.7 million tonnes in 2022 – which exceeds the 16.8 million sent abroad throughout last year.

Source: Money Times

To read the full original article, please go to: https://www.moneytimes.com.br/exportacao-de-milho-do-brasil-acumula-318-mi-t-ate-outubro-e-sobe-120-ante-2021-diz-anec/

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