date:May 27, 2016
unexpected domestic shortage.
Now, worries are mounting that dry weather in Mato Grosso, the main producer state, and in Goias has damaged the winter crop, prolonging the crisis. That would fuel an extended price rally and force end-users to find alternative supplies further afield.
Last month, the government scrapped import duties on corn from countries outside the Mercosur trade bloc in an effort to curb record domestic prices and boost supplies of feedstock.
We exported our stocks and so