Brazil: Corn exports record high in 2019: Food Supply Authority (Conab)
Sao Paulo
January 21, 2020
Brazil: Ministry of Agriculture, Livestock and Supply (MAPA):
Jan. 10 announced that agricultural exports in 2019 were $ 96.8 billion, accounting for 43.2% of total exports.
Main export items: (See table)
soy:
Exports fell 19.8% to $ 32,635 million.
Exports were down 9.5% to 91.658,000 tonnes.
corn：
Exports rose 87.4% to a record $ 73,344 million.
Exports increased by 88.5% to 4,3254,000 tons, a record high.
Food Supply Corporation (Conab):
According to the 12th cereal crop survey released in September 2019, October 2018-September 2019 / corn harvest has reached 100 million tons.
MAPA has analyzed that this led to an increase in exports in 2019.
MAPA, Faculty of Agriculture, University of Sao Paulo (ESALQ) / Institute of Applied Economics (CEPEA)
corn:
In the United States, delayed sowing due to excessive rainfall from May to June 2019 led to lower yields.
The depreciation of Brazil’s currency favored exports from Brazil.
According to the analysis, Brazilian corn has attracted attention in the international market due to external factors.
-JETRO
https://www.jetro.go.jp/biznews/2020/01/140ab7d8304c869f.html