Brazil's corn export will set a record

Introduction: Brazil will export more than 3 million tons of corn this year, a record, in exchange for us $260 million in foreign exchange By last week, 2.376 million tons of corn had been exported, according to Brazil's ports, and it is expected to reach 2.5 million tons by the 15th of this month It is generally estimated that the export of corn will reach more than 3 million tons in any case this year This is the first time Brazil has achieved such a result By 2000, Brazil was still the eighth largest corn importer in the world According to Argentina's government, Brazil imported 100000 tons of corn from the country in the first five months of this year, while imports in the same period last year were eight times higher than this year The main reason for the increase in Brazil's corn export is that the climate has reduced corn production and increased prices last year, which has led the Brazilian government to increase corn cultivation Corn production is expected to reach 3 million 800 thousand to 4 million tons this year, while domestic consumption will stay at the level of 3 million 600 thousand tons.