New estimates for corn crop in Brazil have boosted corn imports. “In 2021, the import volume of corn will reach 4 million tons, and this number may be higher as data on crop failure surge. Brazil is likely to reach the largest volume of imports in the last 40 years”, said Carlos Cogo, director of Cogo Inteligência em Agronegócio. According to Cogo, some industries and cooperatives intend to give pace to corn exports in the second half of the year. He points out that from January to June 2021, purchases reached less than 1 million tons. “Corn purchases will reach the peak by July or August. Argentina has already confirmed exports of more than 650 thousand tons to Brazil, not including the imports that are being carried out at this moment. There won’t be shortages. Despite some difficulties in finding the product, it will be available for import, mainly from Argentina and Paraguay”.
Source: Canal Rural (*Translated by Ia Niani)