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National Supply Company cuts estimate for Brazil’s corn crop; expects more imports

RIO DE JANEIRO, BRAZIL - The state-owned CONAB (National Supply Company) yesterday, June 10, reduced its estimates for Brazil's total 2020/21 corn output to 96.39 million tons, from 106.4 million last month, amid expected shortfalls for the cereal's second crop.

Projections for Brazil's corn imports were increased to 2.3 million tons while exports were cut to 29.5 million tons, from 35 million tons in May's forecasts.

CONAB said that the adjustment for foreign purchases "comes after the verification of the increase in corn imports in the first semester of 2021 at . . .

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