Brazilian corn exports fall 52% in first week of August after crop failure
RIO DE JANEIRO, BRAZIL – The daily average of corn exports from Brazil reached 143,650 tons in the first week of August, a drop of 51.7% compared to the pace of shipments seen in the same full month of 2020, data from the Secretariat of Foreign Trade (Secex) showed on Monday, amid the break in the second harvest of the cereal.
There was a significant improvement over the daily average of July when the country exported 90,150 tons of corn per day.
After being affected by drought and frosts, the Brazilian corn “safrinha” (late harvest) 2020/21 continues with a delay in the harvest and has lower productivity, reported the consulting firm AgRural earlier on Monday.
Also, according to Secex, sugar shipments reached 128,300 tons per day, compared to a daily average of 149,500 tons in August 2020. The sugar cane crop in the country was also affected by weather problems.
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