Brazil’s Corn Crisis Could Boost Rivals as Exports Seen Sinking
Slackening exports will provide some relief to Brazil's rivals as the global surplus swells and world prices remain under pressure
Brazil will export less corn than expected this year as the supply crisis in the world's No. 2 exporter deepens, giving rival producers a rare chance to boost sales abroad amid a global glut weighing on world prices, a Reuters poll showed.
Expectations for Brazil's corn exports in the commercial year that started in February have fallen to 26.1 million tonnes, down from 28.9 million tonnes in a Reuters' poll in November, the survey showed. To read more click here.