IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Exchange rate helps Brazil export maize to the US

A ship chartered by multinational Bunge left the port of Itacoatiara, in the north of Brazil, on Monday, October 26, with 54,000 tons of maize for the United States.

This is unusual, as the US is the largest producer and exporter of maize and is in full harvest. The US will harvest 344 million tons this year, compared with 85.45 million tons produced in Brazil.

But Brazilian maize is about US$ 13 cheaper at the port because of the collapse off the Brazilian real.

Williams agency data show that two shipments were made from Brazil to the US, of 50,000 and 29,000 tons of maize, in August and September.

In 2014, the US imported just 1,900 tons of maize from Brazil, according to government data.

Information provided by Folha de S. Paulo 

Topics

What to read next

UsernamePublicRestriction

Register

CO195053

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel