BRAZIL SURPASSES FORECAST WITH 92 THOUSAND TONS OF CORN SHIPPED IN JUNE

The weekly report released by the Ministry of Industry, Foreign Trade and Services showed the exports of several agricultural products in June. In the twenty first days of June, Brazil exported 92,169.2 tons of unground corn. This volume represents an increase of 90,052.9 tons when compared to exports until the third week of June (2,116.3), surpassing the total recorded in May (13,919.9) by 562%. However, year-over-year, Brazil shipped in June 2021 only 29.52% of everything registered during June 2020 (312,210.8). As a result, the daily average of shipments was 4,389 tons, up 562% from last month’s average (662.9 tons). Compared to the same period last year, the average daily exports is 70.48% lower than the 14,867.2 in June 2020. Anec (National Association of Grain Exporters) expected Brazil to ship 89,000 tons in June, lower than the projection for the month of 123,949 tons, due to “low corn supply after a crop failure”.

Source: Notícias Agrícolas (*Translated by Ia Niani)