Based on shipping schedules, the National Association of Cereal Exporters (Anec) projected wheat exports at 803,800 tons for January, a new record for the month. The previous record-breaking month for exports was January 2022, when the country delivered 695,950 tons in response to a full harvest and strong demand on the global market. Anec’s most recent forecast still shows an increase over the 753.04 thousand predicted last week. During the most recent winter harvest, Brazil produced 9.76 million tons, an increase of 27.2%, according to figures from the National Supply Company (Conab). Anec also increased its forecast for corn shipments in January from 5.178 million tons last week to 5.20 million tons.
Source: Reuters (*Translated by Ia Niani)