Brazil Corn Exports Set to Surge Just as World Needs Them Most
- Brazil’s exports fill in gaps as US, Ukrainian exports snarled
- Higher costs and strong dollar are reducing US competitiveness
A corn harvest at a farm in Santana do Araguaia, Para state, Brazil.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
Brazil’s bumper corn harvest couldn’t have come at a better time for global food supplies as calamities from war to drought stymie exports from the world’s biggest producers.
Corn exports from South American’s biggest nation are on pace to more than double this year to a record 44 million tons, according to Brazil’s grain exporter group Anec. Shipments have accelerated since October, when low-water levels in the Mississippi River snarled US exports.