Paraguay skilled a major enhance of 67.8% in corn exports by way of Could 2023 in comparison with the identical interval final 12 months.

In keeping with the Paraguayan Chamber of Exporters and Merchants of Grains and Oilseeds (Capeco), shipments almost doubled as 500,889 tons had been exported, a rise of 202,469 tons in comparison with the primary 5 months of 2022 when 298,420 tons had been shipped.

By way of worth, corn exports introduced in US$123 million in overseas forex earnings as much as Could 2023, marking a 48.7% enhance of US$40 million in comparison with the US$82.7 million generated in the identical interval final 12 months.

The report highlights that corn shipments for the 2023 harvest started in Could, with 15,862 tons launched as the primary harvested tons.

Nonetheless, a major quantity of grain remains to be within the fields awaiting assortment, indicating that exports for the brand new season are anticipated to extend from the top of July.

By way of markets, all the 2023 crop exports had been transported by land.

Uruguay was the first vacation spot for Paraguayan corn, accounting for 78% of complete exports, whereas Brazil accounted for the remaining 22%.