CORN EXPORTS FROM BRAZIL SOAR IN JULY MONTH-TO-DATE

Corn exports from Brazil totaled 174,600 tonnes per day, recorded until the third week of July, a substantial increase of 93% compared to the daily average of 90,500 tonnes shipped by the country in July last year, showed data from the Department of Foreign Trade (Secex) released on the 18th. Such a move takes place amid the harvest of the second corn crop, with an increase in the availability of grains destined for shipment overseas. As a result, the data shows exports of 1.92 million tonnes of corn this month, a volume very close to the total of 1.99 million shipped in the entire month of July 2021. Soybeans reached a daily average of 456.8 thousand tonnes in the period, against 394.07 thousand in July 2021. For sugar, shipments reached a daily average of 160.9 thousand tonnes until the third week of this month, versus 112.2 thousand tonnes in the same comparison.

Sources: Money Times/Datamar News