Brazil slowly starts reaping soy in top producer Mato Grosso
he Brazilian soybean harvest started timidly in some areas of top producer Mato Grosso state, especially on farms where growers risked planting it earlier to cultivate cotton afterwards, inside a favorable climate window. According to local farmers, harvesting work is behind last year’s pace due to scarce rainfall earlier in the season. “Producers [harvesting now] […]
Brazil 2020 corn exports fall 21%, soybean exports soar
Brazilian corn exports hit 5 million mt in December, bringing the total for the 2020 calendar year to 34.8 million mt, down from 44 million mt exported in the previous year as stronger domestic demand and a marginally smaller crop cut the surplus, official export data released late Monday showed. And for soybeans, despite a […]
Volatile prices and record Brazilian output pose a challenge to sugar exporters
Fluctuation in global sugar prices, cautious overseas traders and record production in Brazil have caused worry among the mills planning sugar export. “There is good demand for raw sugar in the world market compared to white sugar. The prices of raw and white sugar are almost the same at ₹2,700 per quintal. Mills must increase […]
Brazil eager to export corn to China
Brazil is looking to boost its corn trade with China but exports are not feasible right now due to inter-harvest shortages, Reuters reported, citing Abramilho, a corn producers association. A small portion of Brazil’s corn, about 68,000 tonnes, went to China last year. Total exports were 42.7 million tonnes. In comparison, China purchased 80% of Brazil’s soybeans. […]
Brazil applies 20% tariff to ethanol imports from US
All US ethanol imports into Brazil now face a 20% tariff, following the expiration Dec. 14 of a Brazilian quota allowing for tariff-free imports of 187,500 cu m of US product. Market participants were not expecting a second renewal of the quota market, issued Sept. 14, mainly due to the new international political scenario and […]
Wheat hits 3-week high on Russian export tax proposal
U.S. wheat futures edged higher on Monday to hit a near three-week high on expectations of strong demand for U.S. supplies as key producer Russia would soon move to restrict exports of the grain. Corn rose more than 1%, drawing support from wheat, while soybeans also rose more than 0.5%. The most active wheat futures […]
Brazil expects record grain output of 265.9 mln tons
Brazil expects record grain production of 265.9 million tons in the 2020-2021 harvesting season, or 3.5 percent more (9 million tons) compared to 2019-2020, the state-owned National Supply Company (Conab) said on Thursday. According to the Conab, the South American country continues to see expansion in cultivated land and production compared to the previous agricultural […]
Brazil’s coffee exports up 32.2 pct in November
Brazil, the world’s leading producer and exporter of coffee, saw a 32.2 percent increase in exports of the bean in November compared to the same month in 2019, setting a monthly record high, the Coffee Exporters Council (Cecafe) said Wednesday. In November, Brazil exported more than 4.3 million sacks (60 kilograms each) of the product, […]
Brazil: driven by slippers, footwear exports grow by 13.8%
According to data by the Brazilian Footwear Industries Association (Abicalçados) in November, 9.55 million pairs of footwear were exported, 13.8% more than in the same month last year In terms of revenue generated, exports totalled 53.4 million US dollars in November, a drop of 23.8% compared to similar month in 2019. According to Abicalçados, the increase […]
Brazil imported 748,000 tons of soybeans in eleven months of 2020
The strong demand in the domestic market and the record export volumes have led Brazil to renew maximums in soy imports also this year. Brazil soybean imports during November reached 122,000 tons, 20 times more than in November 2019 (6,000 tons). Purchases cost US$ 49.2 million, compared to the US$ 1.9 million spent a year […]