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Brazil's corn exports in 2021 are expected to hit a 10-year low

 Last Update: 2021-09-03
 Source: Internet
 Author: User

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Brazil's "Agricultural Channel" reported on August 17, that trade analysts said that in 2021, Brazil's corn exports are expected to be less than 20 million tons, setting the lowest export record since 2012
.
Data show that from January to July, Brazil only exported 7.
8 million tons of corn, which was 77% less than the 34.
4 million tons in the same period in 2020
.
The reason for the sharp decline in exports is the shortage of corn in the domestic market caused by the decline in production
.
Compared with corn, the soybean export market is optimistic
.
Brazil has exported 71.
2 million tons of soybeans this year
.
Analysts said that in 2021, Brazil's soybean exports are expected to reach 85 million tons, exceeding the 82.
9 million tons in 2021, setting a new historical record
.

Brazil corn exports

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