Wednesday, September 04, 2019

Export of maize from Brazil more than doubles in 2019

Brazil's corn exports fired in August for a new monthly record of 7,650,000 tons, bringing the total exported in the year to 23 million tons, more than double the visa in the first eight months of 2018 (9,190,000 tons) , according to data released by the government on Monday (2). The growth of 170% in shipments in August against the same month last year occurs as the country drains a record harvest and counts with prices and dollar favorable to external sales. The volume exported in August by Brazil, according to global exporter of maize behind the United States, exceeded the 6,320,000 tons recorded in July, which had already been records. With the corn shipments developing well, the National Association of Exporters of Cereals (ANEC) estimates the Brazilian export in 2019 between 35 million and 37 million tons, a historical brand, told Reuters the director general of the entity, Sérgio Mendes. "We had a good crop, it has product availability, favorable exchange rate, rising prices, and space in ports, because soy has the brake not of logistics, but of swine fever (African in China)," said Mendes, remembering that the shipments of soybeans slowed down in 2019, With the slower Chinese in acquisitions compared to 2018. With the smallest soy shipments, corn exports can flow without major logistical issues, with more port infrastructure available. "All this contributes... So we get the means available to export more corn, "he added. With a record harvest of about 100 million tons of corn, Brazil's exports are expected to surpass the approximately 24 million tons of last year, when the country harvested less corn due to climatic problems. "It will be 35 million tons (in the export of corn), optimistic speaking at 37, and we will arrive at the soybean at 72 million tons (in the year 2019)," added Mendes. Soy Last season, when the U.S.-China trade war favored Brazil in the year in which the Brazilian soybean supply was record, exports reached about 84 million tons of oilseed. "Soy will be a nice number, it is impossible to beat the number of 2018, had the trade War (trade war) and did not have the swine fever," he added. In the year's accumulated until August, according to data from the Brazilian government, the soybean shipments of the largest global exporter reached 57,230,000 tons, a decline of 11.4% over the same period last year. In addition to swine fever, Brazil has lower oilseed availability, after a drought break in some states, as well as greater competition from Argentina, which was with weaker shipments in 2018 for less offer. Ethanol In ethanol, exports in August were 314.4 million liters, high 30% in the annual comparison, registering the largest volume since October 2013, according to data compiled by Reuters. In July, external ethanol sales totaled 206.7 million liters.
G1 - 03/09/2019 News Item translated automatically
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