Price for Cereals; Maize (Corn), Other than Seed in Brazil - 2024
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Brazil (FOB) - 2024
- Price for Cereals; Maize (Corn), Other than Seed in Brazil (CIF) - 2024
- Exports of Cereals; Maize (Corn), Other than Seed in Brazil
- Imports of Cereals; Maize (Corn), Other than Seed in Brazil
Price for Cereals; Maize (Corn), Other than Seed in Brazil (FOB) - 2024
The average export price for cereals; maize (corn), other than seeds stood at $225 per ton in September 2023, which is down by -4.8% against the previous month. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in February 2023 an increase of 3.3% against the previous month. Over the period under review, the average export prices attained the peak figure at $300 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($748 per ton), while the average price for exports to South Korea ($218 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+13.2%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Brazil (CIF) - 2024
In September 2023, the average import price for cereals; maize (corn), other than seeds amounted to $207 per ton, which is down by -3.4% against the previous month. In general, the import price showed a slight contraction. The pace of growth appeared the most rapid in April 2023 an increase of 23% month-to-month. As a result, import price attained the peak level of $304 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Paraguay.
From January 2023 to September 2023, the rate of growth in terms of prices for Paraguay amounted to -1.8% per month.
Exports of Cereals; Maize (Corn), Other than Seed in Brazil
In 2022, overseas shipments of cereals; maize (corn), other than seeds increased by 108% to 43M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds soared to $12.2B in 2022. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 970 | 743 | 695 | 2,011 | 27.5% |
| Spain | 531 | 384 | 388 | 1,370 | 37.2% |
| Japan | 1,122 | 696 | 319 | 1,355 | 6.5% |
| Egypt | 550 | 551 | 660 | 1,070 | 24.8% |
| Colombia | 144 | 51.6 | 136 | 684 | 68.1% |
| South Korea | 580 | 423 | 225 | 650 | 3.9% |
| Mexico | 320 | 205 | 78.9 | 486 | 14.9% |
| Vietnam | 659 | 634 | 192 | 486 | -9.7% |
| Taiwan (Chinese) | 469 | 412 | 225 | 431 | -2.8% |
| Saudi Arabia | 112 | 132 | 88.9 | 358 | 47.3% |
| China | 11.2 | 2.3 | N/A | 325 | 207.3% |
| Portugal | 112 | 124 | 114 | 275 | 34.9% |
| Italy | 56.4 | 52.3 | 23.8 | 236 | 61.1% |
| Others | 1,688 | 1,509 | 1,041 | 2,416 | 12.7% |
| Total | 7,325 | 5,918 | 4,188 | 12,155 | 18.4% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Brazil in 2022:
- Iran (6.6M tons)
- Japan (4.9M tons)
- Spain (4.9M tons)
- Egypt (4.0M tons)
- Colombia (2.4M tons)
- South Korea (2.4M tons)
- Vietnam (1.8M tons)
- Mexico (1.7M tons)
- Taiwan (Chinese) (1.6M tons)
- Saudi Arabia (1.3M tons)
- China (1.2M tons)
- Italy (0.9M tons)
- Portugal (0.9M tons)
Imports of Cereals; Maize (Corn), Other than Seed in Brazil
In 2022, approx. 2.6M tons of cereals; maize (corn), other than seeds were imported into Brazil; falling by -17.7% on the previous year's figure. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 134%. As a result, imports attained the peak of 3.2M tons, and then shrank dramatically in the following year.
In value terms, imports of cereals; maize (corn), other than seeds declined remarkably to $645M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 277%. As a result, imports reached the peak of $792M, and then dropped sharply in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 187 | 190 | 395 | 557 | 43.9% |
| Argentina | 18.3 | 20.3 | 395 | 87.1 | 68.2% |
| Others | N/A | N/A | 1.6 | 0.1 | -93.8% |
| Total | 205 | 210 | 792 | 645 | 46.5% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Brazil in 2022:
- Paraguay (2334.3K tons)
- Argentina (301.8K tons)
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