Brazilian exports of soy complex down in September

Despite the sharp increase of prices this year, Brazilian exports of soy complex grew only 3.5% in value in comparison to September of last year, reaching US$ 2.2 billion. The amount of soybeans exported was 4.47 million tons (down 2.9%), equivalent to US$ 1.63 billion. As for the byproducts, soy meal exports reached US$ 550 million (up 21.7%) and soy oil reached US$ 27.8 billion (down 48.3%). After successive records in the exported quantities in the previous months, there was a drop in the quantity available in September, reflecting the reduction in grain stocks in the country.