Brazilian corn exports keep intense despite low liquidity
Dec, 26, 2022 Posted by Gabriel MalheirosWeek 202252
Brazilian corn buyers are away from the spot market, using stocks and waiting for better opportunities to trade. Given this, researchers of Cepea (Applied Economics Research Center) indicate that internal liquidity remains low.
On the other hand, exports continue at an intense pace, overcoming the number of shipments last year – and new ships are expected to set sail in the coming weeks. Data from Secex indicate that in the first 12 working days of December, 3.38 million tonnes of corn were shipped, representing 99% of exports in December 2021 (from 3. 41 million tonnes).
See below the record of the corn (hs 1005) exported by Brazil to all destinations between January 2019 and October 2022. Data is from DataLiner.
Brazilian corn exports | Jan 2019 – Oct 2022 | WTMT
Source: DataLiner (click here to request a demo)
For December, Anec (National Association of cereal exporters) estimates that 6.58 million tonnes of corn will leave Brazilian ports.
Source: Notícias Agrícolas
To read the full original source material, access: Milho/Cepea: Liquidez interna é baixa, mas exportações continuam intensas – Notícias Agrícolas (noticiasagricolas.com.br)
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