Second corn harvest moves the sea freight market in the ports of Paraná
At the Port of Paranaguá, the biggest growth will be in corn exports, which between the months of July and September, should reach 2,071 million tons, a volume 3.256% greater than the 61,7 thousand tons in the third quarter of 2021
14.09.2022 | 17:23 (UTC -3)
Second corn harvest moves the sea freight market in the ports of Paraná
At the Port of Paranaguá, the biggest growth will be in corn exports, which between the months of July and September, are expected to reach 2,071 million tons, a volume 3.256% higher than the 61,7 thousand tons in the third quarter of 2021. - Photo: Disclosure
The export of agricultural products, with emphasis on the second corn harvest, is driving the sea freight market in the ports of Paraná. At the Port of Paranaguá, the biggest growth will be in corn exports, which between the months of July and September, are expected to reach 2,071 million tons, a volume 3.256% greater than the 61,7 thousand tons in the third quarter of 2021.
Forecasting
In this third quarter of this year, the port of Paranaguá expects shipments of 7,233 million tons of grains and soybean meal, corn and sugar in bulk. The volume is 24% higher than that recorded in the same period last year.
Among the ships already docked, scheduled or expected are, in total, 15 vessels to load soybeans, eight vessels destined for bulk sugar, six vessels for soybean meal and four for corn.
The National Supply Company (Conab) predicts that corn production for this season should be a record in the country. According to the figures released, producers of the commodity are expected to harvest 86,1 million tons in the second harvest.
Sea freight
According to the director of Fortenave, a shipping agency company operating in Paranaguá, Ismael Pires, the numbers could mean a new moment for the sea freight market.
“It represents a recovery, considering that in recent months, lower demand from China - explained by the closure of ports due to the Covid-19 pandemic - and other factors affected exports of some Brazilian commodities”, explains Pires.
According to Pires, historically, at the end of July and beginning of August the freight market comes under some pressure with summer vacation trips in the northern hemisphere.
In August, the 4 main shipping indices -- Panamax, Supramax, Capesize, Handysize -- were trading with the South African market and recorded a drop in prices of around 23% each week.
According to a forecast from ANTAQ - National Waterway Transport Agency, in the country there is a growing trend in port movement in the second half of 2022.
The estimate is that a volume of 631 million tons will be handled, an increase of 2,9% compared to the second half of last year. However, the numbers projected for the end of the year show stability in annual movement compared to 2021, totaling 1.212 million tons for the year, almost equal to last year -- 1.214 million (national record for the sector).
According to Pires, there is a supply of freight and also ships and, if this scenario continues, the tendency is for freight prices to fall. “At this moment, considering that Brazil has been maintaining export and import volumes, naturally being one of the major players in the commercialization of commodities, this scenario has contributed to the declining freight supply”, concludes Pires.