The rise in corn prices in the domestic market due to climate changes is leading buyers to find better offers in Argentine. The analyst Vlamir Brandalizze said that “corn crop in Brazil has been extremely difficult this year. The off-season went through a lot of trouble due to some factors, such as drought, frost, wind, hail. In addition, corn consumption is likely to reach a record number with high demand from the feed sector”. More than 40 million tons of corn will be necessary in the second half. It’s going to be tough”, he said. “Today, off-season corn crop is 60 million tons, but a large amount has already been sold for exports. Some import transactions have been made with Argentina, and new transactions are expected in the coming days, as Argentine corn has arrived competitively at Brazilian ports, coming to less than R$ 100.
Source: Canal Rural (*Translated by Ia Niani)