BRAZIL WANTS TO INCREASE THE VOLUME OF IMPORTED CORN FROM PARAGUAY TO DEAL WITH PRICE HIKES

The meat industry in the south of Brazil, the largest consumer of corn used in animal feed in the country, is increasing the volume of corn imported from Paraguay to circumvent high production costs. Cooperativa Central Aurora Alimentos, Brazil’s third-largest poultry and pork processor told Reuters it would buy corn from Paraguay. “The main industrial units of Aurora Coop are located in the west of Santa Catarina, a region close to Paraguay, a situation that facilitates this operation”, said in a note the vice president of agribusiness of the cooperative, Marcos Antonio Zordan. He said that the input will come by road and will enter the country through Porto Seco de Dionísio Cerqueira, Santa Catarina region. The Paraguayan consultancy DasAgro estimates the country’s corn exports at between 3.5 million and 3.8 million tons, of which 2-2.5 million could come to Brazil this commercial year, which started in May in Paraguay. That volume would be about double that seen in the past cycle.

Sources: Money Times/Datamar News