Brazil's corn production is on the rise and its exports are on the decline

Introduction: Dow Jones Sao Paulo, April 22: according to safras's current estimates, Brazil's corn production in 2001 / 02 totaled 37.2 million tons, down 11% from 42.5 million tons in 2000 / 01 Corn prices rose, higher than last month's levels, as production is likely to fall further Last Friday, in Bordeaux Grosso, north of Parana, corn was offered at R $6.02 per bag, or 60 kg per bag, up 13% from R $5.34 a bag a month ago, even though it is the peak harvest season The CIF price of corn in Paranagua port also exceeded 5.34 reals, so the export trade has been very rare Analysts point out that corn sales are unlikely to pick up this year unless Brazil's real falls, as corn has become a scarce product in the domestic market Last week, safra e Mercado lowered its export forecast for 2002 / 03 to 1.325 million tons, far lower than the previous estimate of 2.95 million tons, and far lower than last year's export volume of 5.91 million tons In addition, domestic buyers are trying to find ways to reduce consumption after the price of corn has increased At present, Brazilian poultry and pork factories have considered wheat and wheat bran as alternative feed Although it is possible to solve this problem through import, at present Argentina's corn is too expensive for local buyers In addition, Argentina's ongoing crisis has also brought problems for Argentina's corn export to Brazil According to local mprado analysts, ADA's current market situation shows that next year Brazil's corn production may be very large, while the growth of soybean planting will correspondingly decrease Ada (author:) to feed Weibo to: