Brazil's imports of Argentine corn start to arrive


Reporting by Nayara Figueiredo and Roberto Samora; Writing by Anthony Boadle; Editing by Richard Chang, Reuters

via MarketScreener - 06/09/2021


SAO PAULO, June 9 (Reuters) - The first shipments of Argentine corn have begun to arrive in Brazil to where a national crop failure, record high prices and high demand from the meat industry has made companies such as BRF Brasil Foods SA and JBS SA turn to imports.


A shipment of about 35,000 tonnes landed at the end of May at the port of Paranaguá and a second shipment of about 30,000 tonnes arrived in Rio Grande in the middle of last week, according to the maritime agency Cargonave.


Another four ships should dock this month, Cargonave said.


"Ships have already arrived and they have been unloaded. There are also imports of wheat, not just corn, for animal feed," said Ricardo Santin, president of the Brazilian Animal Protein Association (ABPA), in an interview.


Prices of feed for produce pork and chicken have risen steeply, he said.


JBS, the giant of the meat sector, is receiving...