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Brazil should surpass the USA in cereal exports.
International Corn Day, celebrated on April 24th, has a special flavor for Brazilian producers, because Brazil is about to become the world's largest exporter of the cereal, according to data from consultancy AgRural. Brazilian corn exports reached a record 43.17 million tons in 2022, more than doubling compared to the previous year. The country is expected to export between 46 and 47 million tons of corn in 2023, consolidating its position as a world leader in this sector.
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According to data from Efficienza, Brazil's possible leadership as the largest corn exporter in 2023 will be the result of a specific situation, related to slow exports from the United States and uncompetitive prices for North American corn. North American producers retained the corn and chose to sell it later, which raised prices and boosted Brazilian exports in the last months of 2022 and the beginning of 2023. Fábio Pìzzamiglio, director of Efficienza, says that the United States They have always been recognized for their production and export of corn, which is present in North American culture as a whole. “We are seeing significant growth in our country, especially when it comes to the price and quality of our products”, pointed out the executive.
But even with the country taking the lead, corn production in the countries of the Americas, Brazil and the United States, presents promising prospects for the next harvests, according to reports from the United States Department of Agriculture (USDA) and the National Food Company. Supply (Conab) of Brazil. Brazil expects to achieve a production of 133 million tons of corn in the 2023/24 harvest, with an area of 22.8 million hectares to be harvested, representing an increase compared to the previous harvest. Conab also estimates an increase of 9% in total corn production compared to the previous year, reaching 123.7 million tons. In the United States, expected production is around 348.76 million tons in 2023, with an estimated productivity of 181.28 bags per hectare. These numbers indicate a positive outlook for the corn sector in these nations, driven by the increase in planted area and investment in technology and agricultural management.
Source: Aline Merladete | agrolink
