Brazil meat sector braces for higher corn prices
Domestic corn output expected to drop, Ricardo Santin saidA Brazilian association representing pork and poultry processors predicts costs rising from higher corn prices next year, which increases the possibility of companies having to buy imported corn from Paraguay, Argentina and even the United States, reported Reuters.
Ricardo Santin, president of ABPA, told a press conference on Tuesday that domestic corn output is expected to drop after delays in the soy harvest, which precedes the cultivation of Brazil's second corn that represents about 75% of national output in a given year.