Brazil’s 1Q corn exports up 154% in revenue

Brazil’s corn exports slowed down in April this year. However, the sector remains hopeful of a record-breaking year. From January to April, shipments totaled 10.10 million tonnes.

This is a 53% increase over the same period in 2019, when 6.6 million tonnes of cereal was shipped abroad. As a result, the overall performance for the year is expected to be close to 45 million tonnes, generating around US$ 12.3 billion, according to the Foreign Trade Secretariat (Secex).

See below the volume of corn (1005) exported from Brazilian ports between Jan 2020 and Feb 2023, according to the DataLiner data service.

Corn exports from Brazil | Jan 2020 – Feb 2023 | WTMT

Source: DataLiner (click here to request a demo)

In terms of revenue, corn shipments totaled US$ 2.92 billion in the first four months of the year. The amount is 154% higher than in the same period in 2019 when the country invoiced US$ 1.15 billion.

Source: Canal Rural

To read the original news story, see https://www.canalrural.com.br/noticias/agricultura/milho-receita-exportacao-quadrimestre-2023-agroexport/

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