Soy exports grow and account for 36% of the MS trade balance

Published 2020년 9월 9일

Tridge summary

Mato Grosso do Sul saw a 32% increase in its trade balance in August compared to the same period in 2019, largely due to a 36.5% increase in soy exports. Other exports, such as cellulose, vegetable and animal oils and fats, sugar, and pig iron, also increased significantly. The average exchange rate in August was 40% higher than in the past, bringing in more revenue for producers. China is the main destination for exports from Mato Grosso do Sul, followed by Argentina and the United States. Dourados has seen a 101% increase in exports, primarily due to soy exports.

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

Original content

Mato Grosso do Sul ended August with a balance of US $ 2.816 million in the trade balance, an amount 32% higher than that verified in the first eight months of 2019. Soy exports contributed to the increase, reaching 36.5% of all the volume exported in 2020. The information is from the Letter of Conjuncture of the External Sector of the month of June released this Tuesday (8th), by Semagro (Secretariat of Environment, Economic Development, Production and Family Agriculture). Access the document here. Soy exports grew 58.6% compared to the same period last year, due to the expansion in the volume sent to other countries, which totaled 4.4 million tons between January and August this year. Cellulose remains the second product, although it registered a drop of 17.49% in the variation between 2019 and 2020. The decrease in the period occurred mainly due to the drop in the price of the product in the international market, as the exported volume increased. Other highlights in the first ...

Source: NoticiasAgricolas