Brazil’s corn exports up on week but still trail 2024 by 48%

Brazilian corn exports in July remain below the level recorded during the same period last year. According to the Foreign Trade Secretariat (Secex), the country shipped just 1,522,714.7 tonnes of unground corn (excluding sweet corn) in the first 19 working days of the month — only 42.8% of the 3,553,865.8 tonnes exported in July 2024.

The average daily shipment volume stood at 80,142.9 tonnes, representing a 48.1% drop compared to the 154,515.9 tonnes per working day last year.

Despite still lagging behind 2024 figures, shipments have been picking up pace. As of last week, the daily average was 64,297.6 tonnes and has risen more than 24% over the past five days.

“We’ve been seeing slightly slower exports. The beginning of the year tends to be weaker due to seasonal factors, but even within that seasonality, exports were underperforming due to a domestic corn shortage. Now with the second crop (safrinha) coming in, we should see a rebound in exports.”

Bulascoschi added that while ample supply has the potential to drive shipments, other factors — such as global demand for the grain — still require attention from producers.

“With the arrival of the safrinha, Brazil’s export premiums tend to become more attractive to the international market. We will closely monitor the export parity and Brazil’s ability to be more active in global trade — this is a key demand-side factor that will help absorb our strong domestic supply this year. However, we’ve been seeing limited trading activity in the global market, which will remain a major concern going forward. It’s not just domestic supply that determines exports,” said the analyst.

In terms of revenue, Brazil has earned US$321.190 million so far this month, compared to US$700.644 million in the whole month of July 2024. The daily average dropped 44.5%, from US$30.4 million to US$16.904 million per working day.

On the other hand, the average price per tonne rose 7% over the same period, from US$197.20 in July 2024 to US$210.90 as of July 2025.

Source: Notícias Agrícolas

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