Export prices of soy derivatives improve in Paraguay

Published 2021년 10월 18일

Tridge summary

The article highlights a contradictory trend in Paraguay's soybean derivative exports from January to September 2021, with a notable decrease in volume but a significant increase in revenue compared to the same period in the previous year. Soybean oil exports saw a 24% drop, but revenues surged by 24% due to a 62.5% increase in price per ton. Similarly, soybean meal exports experienced a 14.3% decrease, but there was a 13% rise in revenue, with the average export price 31.4% higher than the previous year, despite a 29% lower volume. This discrepancy indicates a positive shift in the international market price for these products, as reported by the Central Bank of Paraguay.

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

Original content

In the first nine months of this year there was a retraction in exports of soybean derivatives (flour and oil), while income rose compared to the same period of the previous year, which indicates that the price paid in the market international for these products improved. Oil. Until September 2021, 370.4 thousand tons of soybean oil were shipped, a decrease of 24%, compared to the 485 thousand tons shipped at the end of the third quarter of last year. However, revenues had an increase of 24%, since until the ninth month of this year they entered USD 380.2 million, USD 73.5 million more than the same period of 2020, when the figure reached USD 306.7 million. According to data from the parent bank, between January and September of this year USD 1027 per ton was paid, which represents a year-on-year increase of 62.5%, considering that in the first nine months of last year the commercialization value it was $ 632 / tonne. Flour. BCP data show that soybean meal shipments fell 14.3%, ...

Source: Productivacm