Brazil corn exports soar as Ukrainian supplies blocked - port authority


By Ana Mano, Reuters 

June 21, 2022


SAO PAULO (Reuters) - Brazilian corn exports via the Southern port of Paranagua rose an atypical 161% in the first five months of the year partly driven by a lack of product from Ukraine, according to a statement on Tuesday from the local port authority.


The volume of bulk corn exported between January and May via Paranagua reached 1.546 million tonnes, up from 591,538 tonnes in the same months of the previous year, the statement said.


The data shows how the conflict in Ukraine is making corn buyers search for supplies from alternative origins.


Brazil is not a major corn exporter at this time of the year, according to Helder Catarino, general manager of Interalli, which operates at the port. He said after the Russian invasion of Ukraine, the country has been unable to ship corn through the Black Sea as is customary...