In Paraguay, a record of soybean exports in 2020 decreased economic decline
Soybean
Paraguay
Published Jan 20, 2021
Tridge summary
Despite the fact that 2020 was a year full of adversities, both climatic and due to the pandemic, a record of soy exports was achieved, with an exit record of 6.48 million tons, according to the Foreign Trade report of the Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Capeco).
Original content
The amount of disallowed soy beans registered in 2020 exceeds that of 2017, the year in which 6.32 million tons were shipped. Lic. Sonia Tomassone, foreign trade advisor, indicated that due to the condition of logistics delays caused by the lowering of the rivers, there is still a remnant of 2020 soybeans to be exported in January, so that the 6.5 million tons of export. Impact. Soybean exports represented a foreign exchange income of USD 2,146 million, 36% more than that received in 2019, the year in which USD 1,576 million were injected, according to data from the Central Bank of Paraguay (BCP). The soy complex (soybeans, corn and wheat) and its industrial derivatives (corn flour, wheat, soybean pellets and oils) have received USD 3,971 million, giving support and relief to the country's economy. Destinations. The main destination of Paraguayan soybeans was Argentina, with a 76% share, which represented a total of 4.93 million tons exported during 2020 to the neighboring ...
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