Brazil: Soy flour export is the highest in the last 17 years

Published 2021년 8월 19일

Tridge summary

Brazilian soy flour exports experienced a surge in July, reaching their highest volume since 2004, which has led to an increase in export premiums, a decrease in the supply of large lots, and a rise in domestic prices. The export of 1.987 million tons in July marks the largest since June 2004, when over two million tons were exported. Despite the high demand for biodiesel, food industries are delaying their purchases in anticipation of price drops. The price of soy beans has seen mixed behaviors due to factors such as low stocks of the 20/21 harvest, the appreciation of the Dollar against the Real, and an increase in premiums. The progress of the North American campaign has encouraged producers to increase supply, improving market liquidity and putting downward pressure on sales prices.

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

Original content

Foreign demand for Brazilian soy flour increased again, leading national exports to reach, in July, the highest volume since 2004. This scenario resulted in an increase in export premiums, a decrease in the supply of large lots by industries in the market domestic prices and rising domestic prices for this raw material. According to data from Secex, in July, Brazil exported 1.987 million tons of the derivative, which represents the largest amount since June 2004, when foreign sales totaled more than two million tons. Soy oil prices, on the other hand, fell again in recent days. According to Cepea researchers, although domestic demand for biodiesel production remains high, food industries are cautious in their acquisitions, waiting for price drops. In addition, external demand also declined. For soybeans, the values showed different behaviors. The low stocks of the 20/21 harvest, the appreciation of the Dollar against the Real and the increase in ...

Source: 3tres3