Brazil maize exports reached almost 32 million tons in the first ten months of the year, which is more than double the volume shipped in the same period in 202, (14,5 million tons), according to the country's National Association of Cereal Exporters, ANEC.
An Uruguayan team has successfully persuaded would-be buyers at the 5th China International Import Expo (CIIE) in Shanghai of the benefits of a healthy diet containing beef from the South American country.
Brazilian meatpackers, large and small, have seen a drop in exports during October, which have been considerably slower than during the month of September. Shipments dropped some 43,000 tons, particularly to China, which has caused certain unrest, because the Asian giant has long become Brazil's (and Mercosur) main export market.
Russia has finally agreed to resume the agreement allowing safe passage of Ukrainian crop exports, abruptly reversing course after Turkey and the United Nations pushed ahead with the shipments over Moscow’s objections.
Brazil will need alternative wheat sources because Argentina, its traditional supplier, is facing a serious crop insufficiency as a result of a serious drought that has curtailed production and compromised export volumes. Market analysts expect Brazil will thus have to look for supplies in potential providers such as the United States, Canada and even Russia.
As had been anticipated, Russian Defense Ministry said that Moscow would suspend its implementation of a UN-brokered grain export deal if attacks continued on Sebastopol where the Russian Black Sea is headquartered.
Climate variability and excessive rainfall have delayed the planting of Brazil’s 2022/2023 soy crop, which reached 34% of the estimated area, against 24% in the previous week and 38% in the same period last year, according to a survey by AgRural released this week.
he Brazilian Social Development Bank (BNDES) will finance the construction of a fertilizer factory and accessory storage facilities in Paranaguá for an estimated US$ 15 million.
Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.
Brazilian cattle prices are down this year and strong demand for the country’s beef exports will widen Brazilian meatpackers’ margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains.