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Brazil corn exports hit a monthly record of 6.3 million metric tonnes in July

August 6 2019

Corn exports from Brazil reached 6.316 million metric tonnes in July, a record figure since the country started exporting corn, according to the data published by Brazil’s trade department.

Higher corn prices and an early soybean harvest allowed farmers to plant a second corn crop several weeks earlier than normal.

Brazil corn production is expected to touch 98.5 million metric tonnes in 2018-2019, according to the national agricultural agency Companhia Nacional de Abastecimento, or, Conab.

On the back of the bumper harvest, Brazil is stepping up exports as their prices are more competitive than the US corn,  Brazil is the second-largest corn exporter in the world following the US.

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