Brazil lowers corn export forecast amid rising domestic demand

Brazil, the world’s second-largest corn exporter, is expected to fall short of earlier export expectations for 2025, the grain industry group Anec reported. The association reduced its forecast by 1 million tons to 41 million tons, citing growing domestic demand.

Strong internal consumption is driven by the booming corn-based ethanol sector and meat industry, which uses corn extensively as animal feed. Pork and chicken processors have also projected higher production and exports, underscoring the pressure on local corn supplies.

Despite the downward revision, Brazil could still see year-on-year growth in corn exports, as the country shipped 37.8 million tons in 2024. December shipments are expected to reach 4.99 million tons, nearly 38% higher than the same month last year.

For soybeans, Anec confirmed a record export projection of 110 million tons in 2025, up from 97.3 million tons in 2024, largely driven by strong demand from China and abundant domestic supplies.

Tags: corn, export, Brazil