Home corn output anticipated to drop, Ricardo Santin mentioned
21 December 2023
1 minute learn
A Brazilian affiliation representing beef and poultry processors predicts prices emerging from upper corn costs subsequent 12 months, which will increase the opportunity of corporations having to shop for imported corn from Paraguay, Argentina or even the US, reported Reuters.
Ricardo Santin, president of ABPA, advised a press convention on Tuesday that home corn output is anticipated to drop after delays within the soy harvest, which precedes the cultivation of Brazil’s 2nd corn that represents about 75% of nationwide output in a given 12 months.