Brazil shipped 1.2 million tons of corn in February, accounting for 70.1% of total exports in the same month of 2023. The daily average export volume fell by 11.2% to 80,060 tons. The average price per ton fell 0.6% to USD 226.00, while revenue fell 11.7% to USD 271.42 million. The devaluation of the Brazilian currency boosts competitiveness but the scale of domestic output is critical for the second half of the year, when exports are stronger. With an off-season total of above 100 million tons, foreign sales could reach 45 million tons, falling short of the record set in 2023.
Source: Notícias Agrícolas (*Translated by Ia Niani)
FEBRUARY SEES CORN EXPORTS SURPASSING 1.2 MILLION TONS
Published On - 27 de February de 2025