Aug 18 (Reuters) –
- Neri Geller, secretary of farm policy at the Agriculture Ministry, said on Thursday that he thought that Brazil’s 2016/17 corn output would reach 84 mln tns due to increased planting in Parana state
- Brazil suffered severe losses to its larger winter corn crop due to poor rains earlier in 2016, driving prices on the domestic market to record highs
- Prices have since pulled back from highs but remain nearly twice the prices registered at this time last year
- Brazil’s crop supply agency Conab forecast the current corn crop at 68.48 mln tns, down 19 pct from a year ago
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