World: Overseas agriculture-related information express

Published Jan 2, 2024

Tridge summary

Brazil's soybean exports in 2023 have reached a record high of over 100 million tons due to lower prices and increased demand from importing countries like China, as well as Argentina's failed soybean harvest. Despite unfavorable conditions, Brazil's soybean sowing progress is at 94.6% and the output is expected to break the record. Argentina's grain output is predicted to reach 137 million tons, with the main crops including 56 million tons of soybeans, 50 million tons of corn, and 14.5 million tons of wheat. India has banned the export of wheat, non-basmati white rice, and imposed restrictions on sugar exports, affecting nearly US$5 billion in export volume.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

1. According to data recently released by the Brazilian Ministry of Industry and Trade, Brazilian soybean exports have exceeded 100 million tons in 2023, a record high. Since the price of Brazilian soybeans this year is much lower than last year, major importing countries such as China have expanded purchases; in addition, this year Argentina's soybean harvest has severely failed, and it has also significantly increased its import of soybeans from Brazil. According to statistics, in 2023/24, Brazil's soybean sowing progress has reached 94.6%. Despite unfavorable conditions such as uneven rainfall, the output is still expected to break the record. 2. According to a recent report on the Argentine agricultural information website, the Rosario Grain Exchange predicts that Argentina’s grain output will reach 137 million tons in 2023/24, the second highest value in history. Among them, soybeans, corn, wheat, barley, sunflower, The output of the six major sorghum crops is 56 million ...

Source: Foodmate