With nearly 85% of the harvest completed, the corn market in Brazil has been breaking record after record in the 2022/2023 season. The national output, estimated at 125.7 million tonnes by Conab (National Supply Company), marks an all-time high, and record-breaking exports of the cereal are also anticipated. For the third consecutive year, the volume shipped through ports in the Amazon basin is set to outpace that sent through the Port of Santos. During the first half of the year, roughly 40% of corn exports were handled by ports in Barcarena (PA), Itaqui (MA), Itacoatiara (AM), and Santarém (PA). This outperformed the 28% exported from Santos. This shift results in an estimated freight cost savings of R$20 per ton.
Source: Poder360/Datamar News