Paraguay soybean production reaches 11 million tons in 2023/24

Published 2024년 12월 16일

Tridge summary

Paraguay's 2023/24 soybean harvest season saw the production of 11 million tons, generating approximately US$ 4 billion from sales to international markets, primarily Argentina, Brazil, and Russia. The country achieved an average yield of 3.000 kilos per hectare across 3.65 million hectares of cultivation, as reported by the Paraguayan Chamber of Grain and Oilseed Exporters and Traders (Capeco). In addition to soybeans, Paraguay also saw significant production in maize and wheat, with yields of 4,450 kilograms per hectare and 2,880 kilograms per hectare, respectively, leading to total productions of 3.185 million tons and 1.1 million tons. Capeco is actively seeking to expand market access, particularly in the European Union, where Paraguay currently has limited direct export presence but maintains an indirect one through its soybeans being used in Argentine products.

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

Original content

The 3.65 million hectares of soybeans planted in Paraguay, produced 11 million tons of the oil bean during the 2023/24 harvest season generating some US$ 4 billion for the landlocked country economy, which is among the top producers and exporters in the world. This works out at an average yield of 3.000 kilos per hectare, according to the Paraguayan Chamber of Grain and Oilseed Exporters and Traders, Capeco. Between the main harvest and the second, smaller crop (zafriña), Paraguay produced 11 million tons during the 2023/2024 season, and by November had exported 7.8 million tons of soybeans, with Argentina, Brazil, and Russia being the primary destinations, as detailed by Sonia Tomassone, Capeco’s Foreign Trade Advisor. Currently, Paraguayan soybeans have access to 56 markets. Capeco has been actively working to secure new markets amid potential challenges exporting to the European Union, stemming from the upcoming implementation of stricter regulations. Tomassone noted that while ...

Source: MercoPress