The Egyptians were the largest importers of Brazilian corn in August. Brazilian corn exports grew by almost 200% in August. Data from the Secretariat of Foreign Trade (Secex) show that Brazil earned $ 1.3 billion from corn exports in August, up 181% over the same month of 2018.
Brazil sold to the Egyptian market $ 40.5 million in corn in August 2018, up from $ 158.4 million last month. The advance was slightly higher than overall growth: 291%. The country, which topped the ranking of importers, is followed by Iran ($ 157 million), Japan ($ 143.5 million), Spain ($ 141.8 million), and Vietnam ($ 112.8 million).
The list of top ten buyers follows South Korea, Taiwan, Colombia, Malaysia, and Mexico.
New record
Last year Brazil had a break in the corn crop. Production was 80.7 million tons in the 2017/2018 harvest, according to data from the National Supply Company (Conab), down 17.5% over the previous harvest. In the 2018/2019 harvest, 99.3 million tons of corn should be produced, an increase of 23% over the previous period.
Com informações da Agência de Notícias Brasil-Árabe (ANBA)