Grains

Conab forecasts record corn exports this year

Mar, 13, 2019 Posted by datamarnews

Week 201912

Brazil’s National Agricultural Supply Company, Conab, has increased Brazil’s corn production forecast to 92.8m tons in the 2018/19 crop year up from 91.65m tons estimated in February. The forecast for the second harvest is 66.59m tons up from the earlier forecast of 65.19m tons and up 23.6% from the 2017/18 season. Conab attributes the rise in production to the increased planted area in the country. The South American giant achieved its highest yield in the 2016/17 harvest, at 97.8m tons.

Conab expects Brazil’s corn shipments to reach a record 31m tons this year in light of the increased production. Brazil exported 24.7m tons in the 2017/18 season.

The following DataLiner graph shows Brazil’s corn export trends for the last ten years:

DatamarNews reported Brazil’s corn shipments reached 2.8m tons in the first three weeks of January.

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