Brazil Corn Exports Focused on MENA & MERCOSUR in 2021/22
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As one of the world’s largest Corn exporters, Brazil’s supply is critical to many significant importers. Between May 21 & Jun 22, Brazil supplied heavily to Iran—the top commodity importer— which relied even more on this crucial feed product due to poor crops domestically, and imports rose by 836 kmt YoY. Egypt also increased its imports by 409 kmt YoY in light of the Ukraine Corn supply loss in Mar 22. Nonetheless, exports to Asian countries such as China, Japan, & South Korea dropped drastically by 409 kmt, 300 kmt, & 1.64 Mmt YoY, respectively. Meanwhile, MERCOSUR intra-trade with Argentina surged by 1.64 Mmt YoY. Brazil strengthened its largest market in MENA due notably to the loss of Ukraine supply. Therefore, which origin is Brazil competing with for these markets?
Brazil Corn Top 10 Destinations By Volume Between Jun 2021 & May 2022
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