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Brazil corn exports up sharply through mid-July
SAO PAULO, July 17 (Reuters) - Brazilian corn exports rose
sharply in the first two weeks of July as key producing states
like Mato Grosso continued harvesting their second planting of
the crop, according to government trade data released on Monday.
The country exported some 820,000 tonnes of corn in the
period, or an average of 81,900 tonnes over 10 working days,
representing a 65 percent rise in daily volumes from the
comparable period of last year.
Brazil has became an increasingly important corn exporter,
especially in the second half of the year, with so-called winter
corn, which is planted after soybeans are harvested. Bolstered
by a bumper harvest, this season Brazil is poised to export
near-record volumes, adding to competition with Argentina and
the United States in global markets.
An estimated 33 percent to 36 percent of Brazil's winter
corn had been harvested by the end of last week, according to
independent consultants Safras & Mercado and AgRural.
Grains exporter association Anec projects the current crop
cycle to yield 30 million tonnes of exports, on par with two
seasons ago, when the country registered record sales abroad.
The government has been slightly more conservative,
estimating 28 million tonnes of exports from this harvest.
(Reporting by Roberto Samora and José Roberto Gomes; Writing by
Ana Mano; Editing by Sandra Maler)
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