Expectations of large Brazilian corn exports to China in 2023 are worrying Brazil’s meat companies, according to a statement from Santa Catarina’s meat processors lobby Sindicarne this week. The group said competition from Chinese buyers is already reducing local supplies and making corn used to feed poultry and pork an “overpriced” commodity.Add your comment!
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.
Brazil is forecasted to break another crop record in 2022 with the largst grain harvest in history, particularly because of the second crop of corn in Brazil, or safrinha. Previously considered merely a way to keep the soil in use between two important harvests, corn’s second crop gained importance as production became more sophisticated with the aid of technology.
France and Spain have requested the European Union to loosen up its requirements for the import of cereals given the current impact the war in Ukraine is having on the price of food globally, it was reported.
Brazil has issued a protocol instruction legally authorizing imports of genetically modified (GM) soy and corn from the United States at a time when Brazil is dealing with low stocks and record prices for these products.
Corn production in Argentina is likely to drop to 48 million tons in 2020-21 from 50 million tons in 2019-20, the US Department of Agriculture's Foreign Agricultural Service in Buenos Aires said in a report released on Thursday.
The Brazilian government is set to discuss a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade bloc, as recently happened with rice, a staple of the Brazilian diet.
Brazil's 2019-20 crop of grains and oilseeds is expected to reach a record of nearly 250 million metric tons, mainly driven by a sharp recovery in soybean production, even as inclement weather in southern regions of the country is raising concerns about the corn crop.
If trade strife continues between the United States and Mexico despite a deal struck on Friday, Argentine grain exporters are ready to step in to meet Mexican food demand, the head of an Argentine industry chamber said.
Argentina's soy production will likely reach 56 million tons for the 2018/2019 season, two million tons more than previously estimated, the Rosario grains exchange said on Wednesday, a fillip for the sector that was battered by drought last year.