This Monday (17), the Foreign Trade Secretariat (Secex) reported that the volume shipped of unground corn (except sweet corn) reached 392,422.5 tons by the second week of June. The volume represents 37.94% of the total exported in June last year, which was 1,034,282 tons.
The daily average of shipments in the first 10 days of June/24 was 39,242.2 tons, representing a drop of 20.3% in relation to the daily average shipped in June of the previous year, which was 49,251.5 tons.
Roberto Carlos Rafael, from Germinar Corretora, points out that, given low prices at ports, Brazilian producers are avoiding participating in the market, which is resulting in the delay of the Brazilian corn export program in 2024, with a line-up of just 1 million tons ahead.
“What we are seeing at the moment is a delay in sales, sales to the foreign market are poor compared to previous years. We currently have prices between R$62.00 and R$64.00 and are not of interest to producers in many regions. We would need to export an average of 7 million tons per month from July to January to reach 50 million tons,” he says.
In Rafael’s calculations, it would be necessary for Brazil to export around 50 million tons this season, which ends on January 31, 2025, to bring a new balance in the internal supply and demand scenario and be able to see some improvement in prices. of cereal.
Regarding revenue, Brazil has raised a total of US$79.545 million so far, compared to US$270.698 million for all of June/23. Which in the daily average leaves the current month with a drop of 38.3%, resulting in US$ 7.954 million per business day compared to US$ 12.890 million in June of the previous year.
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