Brazil cut soybean exports by 62% in January

Published 2025년 2월 14일

Tridge summary

In January, Brazil experienced a significant decrease in its exports of major crops, including a 62% drop in soybean exports to 1.07 million tons, a 26.3% decrease in corn shipments to 3.59 million tons, and a decline in wheat exports to 551.68 thousand tons. The main destinations for these exports were China, Thailand, Iraq, Spain, Iran, Egypt, Vietnam, Bangladesh, Morocco, Vietnam, Saudi Arabia, Indonesia, and Ecuador. Additionally, soybean oil exports also saw a 30% decrease. The 22nd International Conference BLACK SEA GRAIN. EUROPE-2025, to be held in Prague on February 13 – 14, will focus on the development of the grain sector in the Black Sea and Danube region.

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

Original content

According to customs data cited by AgCulture, Brazil reduced shipments of all major crops in January. In particular, Brazilian soybean exports decreased by 62% y-o-y to 1.07 million tons, of which 99.95 thousand tons were shipped to China, 119.21 thousand tons to Thailand, 92.7 thousand tons to Iraq and 60.49 thousand tons to Spain. Corn shipments decreased by 26.3% y-o-y to 3.59 million tons (4.87 million tons in January 2024). The main buyers of corn from Brazil in January were Iran (1.09 million tons), Egypt (870.82 thousand tons), Vietnam (313.85 thousand tons), Bangladesh (225.79 thousand tons) and Morocco (159.12 thousand tons). Wheat exports also declined in the said month to 551.68 thousand tons (compared to 935.04 thousand tons in January 2024). Key buyers of Brazilian wheat were Vietnam – 315.95 thousand tons, Saudi Arabia – 131.33 thousand tons, Indonesia – 64.4 thousand tons and Ecuador – 36 thousand tons. Earlier it became known that exports of soybean oil from ...

Source: UkrAgroConsult