Brazil exports rise three-fold in last decade
2012-11-09 10:46:45
Corn production in Brazil has grown rapidly over the last 10 years, from 1.6 billion bushels to 2.8 billion bushels.
Domestic feed use has climbed steadily from 1.2 billion bushels to 1.9 billion bushels in the past decade as Brazil expanded its animal feeding industries, especially pork and poultry.
Brazil's corn exports have grown, as well, from 228 million bushels to 748 million bushels.
Kevin Roepke, U.S. Grains Council manager of global trade, reported that Brazil exported more corn than the U.S. did in the last quarter.
In August, the U.S. exported about 91 million bushels of corn, compared to last year's August exports of 161 million bushels.
For the same time period, Brazil exported around 106 million bushels, including more than 3.9 million bushels exporter to the U.S.
Brazil's top three corn export destinations include Iran, Egypt and South Korea.