Brazil is set to overtake the United States this year as the world’s top corn exporter. This is due to a successful harvest and improved logistics, including the consolidation of northern export routes, which are on track to beat volumes via the Port of Santos for the third consecutive year. The shift underscores how Brazil, which churns out three crops of corn per year and still has a huge expanse of under-used farmland, is finally overcoming some bottlenecks that have long made it hard to get its harvest to global markets. A recent supply agreement with China indicates that Brazil may soon dominate the global corn export market, surpassing the United States.
Source: Forbes Brazil (*Translated by Ia Niani)