The foreign market for cotton continues optimistic. From January to April 2021, cotton exports increased by 28% when compared to the same period last year, says Conab (National Supply Company). As for corn, shipments are still slow, however the forecast for the cereal is 35 million tons in the current harvest, much the same as the 2019/2020 harvest. Conab also estimates sales to the foreign market for soybeans at 85.6 million tons, up 3.3% compared to last year. If the forecast is confirmed, a new historical record will be set. Estimated sales for rice to the foreign market is 14% lower than last year. In the accumulated until April, it is a drop of 19%, due to the low availability of rice at the beginning of the year. It is noteworthy, however, that Conab raised its export projections this month to 1.3 million tons, due to the increase in productivity of the 2021 rice crop.
Source: Universo Agro/Datagro (*Translated by Ia Niani)