News last update:6 Aug 2012

Brazilian maize exports on schedule

Around one million tonnes of Brazilian maize have already been booked for shipment in 2007 and analysts say that shipments this year could equal the five million tonnes exported in 2004.

Last year Brazilian maize shipments nearly quadrupled to four million tonnes. Some contracts have already been concluded to ship Brazil's second 'safrinha' corn crop between August and September. The main summer crop starts to be shipped in March.Iran, which imported 1.77 million tonnes of Brazilian maize in 2006, is again expected to be the main market.

Firm prices
Firm prices encouraged Brazilian farmers to increase the 'safrinha' maize area to 3.7 million hectares, from 3.2 million in 2006, and favourable crop weather points to a big crop which would help sustain increased exports. "The 'safrinha' maize crop will reach 11.6 million tonnes but could be greater if the weather is good," Agencia Rural consultancy said in a report.

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