Brazil will remain the dominant corn exporter this season as well
According to datamarnews, Brazil, the world’s leading corn exporter for 2022/23, expects to maintain that position this season. Currently, Brazil continues to increase grain shipments, and according to USDA forecasts, annual shipments are expected to reach about 77.5 million tons over the next ten years.
If this scenario were to materialize, Brazil would be able to supply an additional 72% of the soybeans entering the world market in the coming years, 46% of the corn, 62% of the beef, 61% of the poultry, and 32% of the pork. Brazil’s soybean exports are projected to reach 133 million tons by 2033/34, far exceeding the projected 58 million tons of exports from the United States.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon