StoneX cuts forecast for 2nd corn crop in Brazil to 60.45m tons after frosts
Jul, 01, 2021 Posted by Ruth HollardWeek 202127
The frosts that recently hit the states of Mato Grosso do Sul and Paraná led the consulting firm StoneX to reduce its projection on July 1 for the second crop of corn 2020/21 in Brazil, to 60.45 million tons, compared to an estimated 62 million in the previous month.
With this, the expectation for the total production of cereal in the country – which had already been affected by the drought – also dropped from 89.68 million tons to 87.93 million tons, according to a survey.
Last year, Brazil produced a total of 102.5 million tons of corn.
Source: Money Times
To read the full original article, visit the link:
Related Post
-
Shipping
Sep, 17, 2021
0
Maersk revises its outlook upwards yet again
-
Grains
Mar, 14, 2022
0
Agribusiness exports yield more than US$ 10 billion in a record-breaking February
-
Ports and Terminals
Mar, 02, 2023
0
PortosRio announces 2023-2027 Business Plan at Intermodal
-
Blog Statistics (ENG)
May, 05, 2022
0
Ranking of Brazilian and Plate Ports | Jan to Mar | 2022 – 2021