Soy derivatives: Better price allowed higher income in Paraguay

Published 2021년 12월 17일

Tridge summary

The article highlights a notable increase in the export prices of soybean oil and flour up to November 2021, leading to a boost in foreign exchange earnings for the country. Soybean meal exports, which included flour, saw a 13% revenue increase year-on-year, reaching USD 700.7 million, despite a 10% decrease in volume. Soybean oil exports experienced a 46% increase in values, with a 13% decrease in volume, generating USD 565 million. The price of domestic flour and soybean oil increased by 26% and 68% respectively, offering positive impacts on the foreign currency inflow.

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

Original content

The export prices of soybean oil and flour had an upward trend until November of this year, so that exports of these oilseed derivatives generated higher foreign exchange for the country. FLOUR. Between January and November of this 2021, soybean meal shipments generated USD 700.7 million, an increase of 82.4 million (13%), compared to the same period in 2020, when USD 618.3 million entered. The rise in revenue was driven by the growth in the export price of domestic flour, which improved 26% in year-on-year terms. As of November this year, USD 407 / ton was paid, USD 83 more than the figure of USD 324 / ton registered at the end of the same month of the previous year. Regarding the volume of exports, there was a year-on-year decrease of 10%. Paraguay exported 1,721,240 tons of soybean meal in November, a drop of 186,136 tons, compared to shipments of 1,907,376 tons, observed at the end of November 2020. OIL. At the end of last month, the foreign exchange generated reached USD 565 ...

Source: Productivacm