August 31, 2017 / 3:04 PM / a year ago

Cargill predicts Brazil to export 5 million tonnes of corn in Aug

SAO PAULO, Aug 31 (Reuters) - A Brazil Cargill executive predicted on Thursday that the country will have exported 5 million tonnes of corn in August, with the U.S.-based agriculture firm accounting for a large share of the trade.

Brazil is expected to account for 50 percent of global corn exports between this August and January next year, Paulo Sousa, the leader of Cargill’s unit responsible for grains, oilseed and cotton, told an industry conference.

“Cargill will be the leader,” he said in relation to the company’s ratio of Brazil’s August corn exports, declining to elaborate. (Reporting by Ana Mano, writing by Jake Spring)

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