ANEC PROJECTS AN INCREASE IN CORN EXPORTS FROM BRAZIL IN MAY, TO 550 THOUSAND TONS.

Anec projects an 11% increase in Brazil’s corn exports for May, reaching 550 thousand tons, subject to changes in ship schedules and weather disruptions. Historic floods in Rio Grande do Sul may prompt trading companies to adjust shipment plans to other states due to logistical challenges. Anec highlights the state’s compromised flow logistics, hindering both harvesting and transportation. Railways to Rio Grande port are blocked, forcing alternative routes and incurring additional logistical expenses. Despite utilizing stored grains and alternative road routes, logistical challenges persist, impacting operations in Brazil’s fourth-largest soybean exporting port.
Source: Nova Cana