IndustryBrazilian corn exports are expected to decline, with year-end inventory potentially reaching 10 million tons
The latest estimate from the National Association of Grain and Grain Exporters in Brazil shows that by 2024, Brazil's corn exports may decrease by 24.1% year-on-year to 41 million tons. The main reason for the decline in exports is the recovery of supply from major producing countries and the slowdown in demand from China. The cumulative shipment of corn in Argentina this quarter was 24.5 million tons, a year-on-year increase of 40%.
