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    Home > Food News > Food Articles > South American corn focus: Argentina's corn exports are growing strongly, while Brazil's corn exports are falling

    South American corn focus: Argentina's corn exports are growing strongly, while Brazil's corn exports are falling

    • Last Update: 2021-12-02
    • Source: Internet
    • Author: User
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    News from Washington, November 11: The US Department of Agriculture’s November World Grain Market Trade Report stated that Argentina’s corn exports in 2020/21 (March 2021 to February 2022) are expected to be 38.
    5 million tons.
    If the forecast becomes a reality, it will hit a record.
    The highest export record in history
    .
     
    In contrast to Argentina’s strong corn exports, Brazil’s corn exports in 2020/21 (March 2021 to February 2022) will be reduced to 17.
    5 million tons due to the failure of the second season of corn
    .
    In fact, the decline in Brazilian corn exports has helped boost the prospects for Argentine corn exports
    .

     
    In Argentina, the depreciation of the peso is conducive to exports
    .
    In Brazil, strong domestic demand is not conducive to exports
    .

     
    During the period from March to September 2021, Argentine rice exports were only slightly higher than the same period last year, but for the rest of the year, corn exports will accelerate and exceed the level of the same period last year
    .
    Judging from shipping data, Argentine corn exports may have accelerated in October
    .

     
    In contrast, Brazil’s corn exports from March to September 2021 fell by nearly half year-on-year, and October’s exports were slightly more than 1.
    8 million tons, which was much lower than the 5 million tons in the same period last year
    .
     
      Argentina and Brazil currently compete with each other in some major markets, including South Korea, Malaysia and Taiwan
    .
     
      The tight supply of Brazilian corn exports in 2020/21 has made this year's competitive situation favorable to Argentina
    .
    However, corn production in Argentina and Brazil is expected to improve in 2021/22, and both output and exports are expected to hit record highs
    .
    Among them, Brazil's corn output is expected to reach 118 million tons, and the export volume will increase to 43 million tons
    .

    U.
    S.
    Department of Agriculture grain corn exports
     
      In contrast to Argentina’s strong corn exports, Brazil’s corn exports in 2020/21 (March 2021 to February 2022) will be reduced to 17.
    5 million tons due to the failure of the second season of corn
    .
    In fact, the decline in Brazilian corn exports has helped boost the prospects for Argentine corn exports
    .

    Brazil
     
      In Argentina, the depreciation of the peso is conducive to exports
    .
    In Brazil, strong domestic demand is not conducive to exports
    .

     
      During the period from March to September 2021, Argentine rice exports were only slightly higher than the same period last year, but for the rest of the year, corn exports will accelerate and exceed the level of the same period last year
    .
    Judging from shipping data, Argentine corn exports may have accelerated in October
    .

     
      In contrast, Brazil’s corn exports from March to September 2021 fell by nearly half year-on-year, and October’s exports were slightly more than 1.
    8 million tons, which was much lower than the 5 million tons in the same period last year
    .
     
      Argentina and Brazil currently compete with each other in some major markets, including South Korea, Malaysia and Taiwan
    .
     
      The tight supply of Brazilian corn exports in 2020/21 has made this year's competitive situation favorable to Argentina
    .
    However, corn production in Argentina and Brazil is expected to improve in 2021/22, and both output and exports are expected to hit record highs
    .
    Among them, Brazil's corn output is expected to reach 118 million tons, and the export volume will increase to 43 million tons
    .
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