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Brazil Corn Exports Full Speed Ahead

22/12/2015

Brazilian corn exports set a record high volume in November, and despite more rains in the forecast, December corn exports are likely to rise nearly 10 percent from the previous month.

Since the beginning of November, the delay for bulkers waiting to load outside Brazil’s second largest corn port, Paranagua, has lengthened from 43 days to 56 days

Strong export volumes have been facilitated by both a massive relative increase in shipments out of northern ports and the continued competitiveness in prices.

During November, northern Brazilian ports shipped as much corn in 2015 as in 2012 through 2014 combined, assisting in the country’s record-setting month

Northern ports have in recent years considerably increased both the exported volume and the total share of Brazil’s corn exports.

Northern Brazil, including ports from the state of Bahia northward, shipped 18 percent of the country’s corn last month compared to just 7 percent in November 2013.

Unlike their southern counterparts, ports in the north have been aided by dry weather. States in north-eastern Brazil have recorded roughly one-third of normal rainfall amounts since early October.

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