Roadblocks and low international demand affect corn trade

Corn prices in the Brazilian market retreated as of last week. According to the Cepea applied economics research center, the pressure comes from the low international demand for corn. Roadblocks on national highways hampered the flow of cereals and led consumers to empty stocks instead of making new purchases.

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)

In addition, international quotations, which had been keeping values high in Brazilian ports, also declined, influenced by the resumption of exports through the Black Sea. Cepea researchers indicate that the international demand for corn reinforced the devaluation trend in Brazil.

Source: Avisite

To read the full original article, please go to: https://www.avisite.com.br/paralisacoes-e-recuo-externo-reduzem-negocios-no-mercado-do-milho/

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