Paraguay: Soybean complex shipping revenue improved

Published 2021년 6월 25일

Tridge summary

From January to May of this year, Paraguay experienced a 29.5% increase in income from soybean complex shipments, generating USD 1,722 million, an increase of USD 393 million compared to the same period in 2020. This increase is primarily due to higher international prices, despite a 6.2% decrease in volume, with 3.78 million tons of soybeans exported in the first five months of 2021. The country shipped 2.97 million tons of soybeans, 640,000 tons of soybean meal, and 173,000 tons of soybean oil, making soybeans the main product exported by Paraguay in the first five months of 2021.

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

Original content

Between January and May of this year, the income generated by shipments from the soybean complex increased 29.5%. Until May, USD 1,722 million were generated, an interannual increase of USD 393 million, compared to the USD 1,329 million generated in the fifth month of 2020. The higher values recorded are mainly due to the improvement in international prices. Regarding volume, the behavior registered in the first five months of this year was negative. Paraguay exported 3.78 million tons of the oilseed complex, which meant a decrease of 6.2% in year-on-year terms, considering that between January and May of last year 4.03 million tons were shipped. The report indicates that at the end of May our country shipped 2.97 million tons of soybeans for USD 1,288 million; 640,000 tons of soybean meal ...

Source: Productivacm