Paraguay: Price improvement allowed soybean sector to enter US$ 906.5 million more

Published 2021년 10월 19일

Tridge summary

Despite a decrease in volume, exports of soybeans and derivatives brought in significantly more income in the first nine months of this year compared to the same period last year, due to a substantial increase in prices. Revenues rose by 35% from $2,619.3 million to $3,525.8 million, with the average price per ton of soybean complex items increasing by 44% compared to the previous year. This increase in prices was influenced by logistics issues that have affected export volumes.

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

Original content

Until the end of the third quarter of the year, exports of soybeans and derivatives generated US $ 906.5 million more income than the same period last year despite the lower volume shipped. This is explained by the significant improvement in the prices of soybean grains, flour and oil so far this commercial season. According to the monthly report of the Central Bank of Paraguay (BCP), between January and September of this year 7,276,600 tons of items from the soybean complex were exported, a volume that corresponds to a drop of 6.5% compared to 7,784,500 tons exported at this point in the previous season. Despite this lower commercial flow, revenues increased by 35%, since they went from US $ 2,619.3 million last year to US $ 3,525.8 million generated at the end of the tenth month of the year. data from the state financial institution. The prices of the items of the soybean complex experienced a significant ...

Source: Elagro