Brazil farmers sell more of their 2021 second corn crop as demand rises - Safras

The sale of farmers' 2021 second corn crop in Brazil reached 70.1% of the estimated output, up from 62.6% at this time last year, according to an estimate from agribusiness consultancy Safras & Mercado released on Monday.

 

Ana Mano, Reuters

via Nasdaq - Sep 13, 2021

 

SAO PAULO, Sept 13 (Reuters) - The sale of farmers' 2021 second corn crop in Brazil reached 70.1% of the estimated output, up from 62.6% at this time last year, according to an estimate from agribusiness consultancy Safras & Mercado released on Monday.

 

Corn, used as livestock feed, is on high demand in Brazil, home to some of the world's largest pork and poultry processors.

 

This year, planting delays followed by a drought and an ill-timed frost slashed Brazil's overall corn output, raising internal prices, increasing the need to import and reducing Brazil's export prospects.

 

Brazil's second corn crop -- which represents about 70% of production each year -- is estimated at...

 

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https://www.nasdaq.com/articles/brazil-farmers-sell-more-of-their-2021-second-corn-crop-as-demand-rises-safras-2021-09-13