Brazil: Soybean crushing in Mato Grosso increases 4.9% and 3 countries start buying again

Published 2023년 6월 21일

Tridge summary

Soybean crushing in Mato Grosso hit a record high in May, with a volume of 1.04 million tons, marking a 4.97% increase from April. This surge is attributed to an improvement in the gross margin of the industries and strong foreign demand, particularly for soybean meal. The state is expected to maintain this crushing pace throughout the year due to a decrease in supply from Argentina. Mato Grosso has been supplying countries like Cuba, Egypt, Ghana, and Ivory Coast with by-products.

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

Original content

Soybean crushing in Mato Grosso reached record volume last month, processing 1.04 million tons, up 4.97% compared to April. The survey was released yesterday afternoon by the Mato Grosso Institute of Agricultural Economics (IMEA). The result is guided by the improvement in the gross margin of the industries, which increased 3.54% in the monthly comparison, being projected at R$ 635.69/ton in the average of Mato Grosso. “In addition, foreign demand is heated at the moment, mainly for soybean meal, which has been showing record levels in exports. Thus, it is expected that the processing pace of industries in Mato Grosso will continue heated until the end of the year, due to the "gap" left by the lower ...

Source: Portal Do Agronegocio