Brazil’s railway operator Rumo is “positive” on the prospects for corn exports from Brazil in the second half of the year, counting on a larger crop and increasing demand from importers. The company, which handles around 30% of all exported volumes of soybeans, soybean meal, and corn from Brazil, expects a “very healthy” level of corn shipments, which benefits the rail logistics company, said Rumo’s commercial director, Pedro Palma. Rumo expects a production of 78 million tons (in Mato Grosso, Mato Grosso do Sul, Goiás and Paraná) for the second harvest, up 20 million from last year. Corn exports from the country’s main second-crop production areas were estimated at 31 million tons, against 18 million last year. Rumo focuses on the so-called State Integration Railway of Mato Grosso to expand business. The new railway will depart from Rondonópolis (MT), where Rumo has a terminal that connects with Malha Paulista, a fundamental corridor for agricultural products flow.
Sources: Reuters/Nova Cana (*Translated by Ia Niani)