Record Brazilian exports in July

In July, Brazilian corn exports totaled 1.04 million tons, a record volume for one month. From January to July 2007, the total exported was of 4.2 million tons, 14 percent superior to the same period of 2004 and 52 percent higher than the volume of the first semester of 2001. Even with the valuation of the Real and international prices a little lower than at the end of 2006, exports have been remunerated more than the domestic trades.

The higher exports boosted domestic corn prices in the first fortnight of August. The product in the Paranagua port valuated 13.16 percent in Real during the period, at 23.21 reals or 11.42 dollars per bag of 60 kilos on Aug 15th. The ESALQ/BM&F Index (Campinas region) raised 14.11 percent, at 22.14 reals or 10.90 dollars per bag of 60 kilos.

In the west region of Parana state, one of the most important in the Brazilian production, the increased reached almost 20 percent, even with the winter corn crop harvest progress.

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