Despite the drought, Brazil Cereal Exporter Association (Anec) sees no reason to change prospects on corn exports in 2021, which remains at 32 million tons, less than last year. Sérgio Mendes, Anec’s director general, said that his estimates since the beginning of the corn season showed a reduced number of shipments compared with 2020, because delays in corn harvest narrowed Brazil’s export “window”. “Based on the current scenario (of the harvest), it is still possible to maintain the numbers (of exports), but in any case, lower (than 2020)”, he said. Because of the drought, private analysts have made significant slashes in Brazil’s second corn crop by about 5 million tons. Some analysts see exports lower than previously expected. “If there is a significant collapse, such that it could cause a significant reduction in the total amount, then I will agree with them, then we would have problems to export”, he said.
Source: Reuters (*Translated by Ia Niani)