“The corn market in Brazil is heating up again. In addition to China, Europe has become another important destination”. The information is brought first-hand by the team of market analysts at Consultoria TF Agroeconomica. Europe “continues to look for corn in Brazil this week. Prizes have already gone up 20 cents since Monday. Corn production in Europe is still estimated at 68 million tons while imports can reach 16 million. Some people say that corn production in Europe can go down 60 million tons. If this is true, without the presence of the main supplier Ukraine, a great program will be certain for Brazil”. “This week they consider a farmer selling of 800 thousand tons. Prices in Brazil’s countryside rose from R$3.00 to R$4.00 per bag”, said the experts from TF Agroeconomica. In turn, AgResource Brasil agrees that Brazil “will continue to dominate the corn trade in early autumn. But world corn production cannot meet consumption in 22/23. That is the most important point in the long term”.
Source: AgroLink (*Translated by Ia Niani)