Brazil’s Conab raises 2024/25 corn crop estimate to record 137 million tonnes

The 2024/25 corn crop in Brazil was estimated at a record 137.0 million tonnes by the National Supply Company (Conab) this Thursday, an increase of about 5 million tonnes compared to last month’s forecast.

The projection was raised due to the increase in second-crop corn volumes, now estimated at 109.6 million tonnes, compared to 104.5 million in last month’s estimate.

The state-owned company also raised the forecast for corn exports to 40 million tonnes, up from 36 million tonnes estimated in July. In the report, Conab cites the greater availability of second-crop corn in the domestic market and “likely redirection of international demand toward South American corn, given the current tariff disputes between the United States and key grain importers.”

Source: Brasil 247

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