CORN: VOLUME EXPORTED IN NOVEMBER RISES 13.5% COMPARED TO 2017

Brazilian corn exports in November totaled 3,996 million tons, 13.5% more than the volume shipped in November 2017, when they totaled 3.519 million tons. Revenue from foreign sales of the cereal came to US $ 711.9 million, 32.5% higher than that registered in November last year, which was US $ 537.1 million. In comparison with October, when shipments totaled 3.2 million tons, the volume exported in November was 24% higher. Revenue also rose from one month to the next, 28% – in October, reached $ 554 million. Monthly shipments were mainly driven by Midwest states. Mato Grosso, for example, usually ships large volumes abroad in November. In addition, the appreciation of the dollar stimulated shipments. The high in exports reverses a downward curve – from July to October shipments were falling, in the annual comparison. In the accumulated 11-month period, cereal exports reached 19.885 million tons, 20% less than the 24.931 million tons shipped in the same period of 2017. The exchange revenue obtained between January and November of this year of US $ 3.412 billion was 15.4% lower than that recorded in the corresponding range last year of US $ 4.036 billion. The average price of cereals exported in November was US $ 178.1 a ton, compared to US $ 173.1 in October and US $ 152.6 per ton in November 2017.

Src.: Canal Rural