Paraguay: Price-boosted currency rise due to shipments of soybean oil

Published 2022년 10월 19일

Tridge summary

Exports of national soybean oil generated USD 488.7 million in revenue in the ninth month of 2022, a 28.5% increase from the same period last year due to a rise in international prices. However, the volume of oil shipments decreased by 9% in the third quarter of the year, with a total of 336,388 tons of soy derivatives exported by September 30.

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

Original content

At the end of the ninth month of 2022, foreign exchange generated by exports of national soybean oil reached USD 488.7 million, a difference of 28.5%, since during the first nine months of last year revenues had reached USD 380, 3 millions. This result was promoted by the rise in the international price. In September of this year, the price of the derivative of the oilseed in Chicago was 1,509 USD/ton, a better value, compared to the same period of the previous year (USD 1,263), but a decrease in terms of the record of the previous month ( $1,518). Regarding oil shipments, the BCP report indicates that 34,064 ...

Source: Productivacm