IEG Vu is part 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

Brazil's animal protein sector warns of the consequences of importing corn

The chief executive of the Brazilian Animal Protein Association (ABPA), Francisco Turra, warned today about the adverse effects that the retention of corn, plus the importing of grain from neighboring countries, may have on cereal producers. "Many Brazilian producers are betting on even higher price rises, withholding sales.  The bet, however, has not considered the high inventories that major producers such as the US and neighboring countries to Brazil, have built up.  The world is full of corn.  If the winter crop does well, the most likely situation is oversupply on the domestic market, with a sharp drop in corn prices.  This is not a desirable situation for grain producers or the protein sector, as oversupply may influence the next harvest," said Turra.

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO195130

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