SAO PAULO, Sept 13 (Reuters) – The sale of farmers’ 2021 second corn crop in Brazil reached 70.1% of the estimated output, up from 62.6% at this time last year, according to an estimate from agribusiness consultancy Safras & Mercado released on Monday.
Corn, used as livestock feed, is on high demand in Brazil, home to some of the world’s largest pork and poultry processors.
This year, planting delays followed by a drought and an ill-timed frost slashed Brazil’s overall corn output, raising internal prices, increasing the need to import and reducing Brazil’s export prospects.
Brazil’s second corn crop — which represents about 70% of production each year — is estimated at 55.7 million tonnes for the 2021 season, Safras said, referring to a crop that farmers have nearly finished harvesting.
Meanwhile, planting of Brazil’s new corn crop reached 16.7% of the estimated area through Sept. 10, Safras & Mercado said in a separate statement on Monday.
Brazilian farmers are expected to sow 4.385 million hectares with their first corn this season, Safras said.
Brazil 2021 soybean exports forecast cut to 83.42 mln T – Conab
(Reporting by Ana Mano; Editing by Lisa Shumaker)
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