Brazil drought could lose up to 10 million tons of corn
Chairman of the Board of Directors of Bunge International and chief Executive Soren Schroder (Soren Shreder) said that due to dry and hot weather in Brazil can be collected at 5-10 million tons of corn less than expected.
the maize of the second crop are now in a critical phase of development. However, the heat and lack of moisture negates hopes for a record crop, harvesting of which will begin in may.
Soren Schroeder believes that the yield may be 5-10 million tons and instead of corn exports in Brazil have to buy it from USA or countries of the black sea region, particularly Ukraine.