Markets & trade

Brazil surpasses US as top corn exporter

7 September, 2023

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Logistics breakthroughs propel Brazil to lead corn exports

 

 

{reg}Brazil has claimed the title of the world's largest corn exporter in 2023, surpassing the United States, even in the face of adverse weather conditions. This significant development is reshaping the global grain export landscape, according to reports by Reuters.

The growth in grain exports from Brazil can be attributed to logistical advancements, particularly the optimization of northern export routes, enhancing the efficiency of the export process. This achievement extends beyond corn and encompasses various grains, providing relief to regions facing challenges, such as Ukraine, and mitigating the impact of export disruptions tied to US-China tensions.

Brazil's substantial increase in corn production, coupled with its improved export infrastructure, has firmly established it as the leading global grain exporter. The United States is expected to contribute 23 percent of global corn exports in 2023, while Brazil's harvest is set to outpace it by nearly 10 percent, reaching 32 percent, according to data from the USDA.

This shift in leadership in corn exports underscores Brazil's growing influence in the agricultural industry and raises the prospect of its continued dominance in this sector throughout 2024.[/reg]

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