Agroconsult has foreseen opportunities for Brazilian corn amid crisis in Ukraine. Corn shipments are expected to reach 41.6 million tons this year. “The big question on the corn market is how much Ukraine will produce. The country produces more than 40 million tons of corn and exports exceed 30 million tons”, said the president of Agroconsult, André Pessôa, in a videoconference. “Corn prices will be extremely high and could rise even more because of the war, as a result we have seen cautions from producers. They are waiting for the harvest in order to ensure how much corn there will be”, he added. He said that the tendency is for corn in Brazil to be even more demanded in the international market.
Source: Reuters (*Translated by Ia Niani)