News

Brazil: Soybean and corn exports in Mato Grosso do Sul generate US$760.9 million in the first quarter

Soybean
Maize (Corn)
Brazil
Market & Price Trends
Published Apr 23, 2024

Tridge summary

In the first quarter of 2024, Mato Grosso do Sul significantly boosted its agricultural exports, particularly soybeans and corn, achieving over two million grains in exports and generating $760.9 million in revenue, according to Aprosoja/MS. Soybean exports surged by 30% in volume and 26% in value compared to the same period in 2023, largely due to high stock levels and robust demand from Asian countries, notably China. However, corn exports saw a decrease, with a 44% drop in volume and a 55% reduction in value, although China, South Korea, and Japan remained key importers of the state's corn.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mato Grosso do Sul exported more than two million soybean and corn grains in the first quarter of 2024. The volume represents an amount of U$$ 760.9 million, according to the Export Bulletin, released by the Soy Producers Association of Mato Grosso do Sul (Aprosoja/MS), this week. The president of Aprosoja/MS, Jorge Michelc explained that “the increase in exports is mainly due to the large stock from the 22/23 harvest, justified by the wait for better sales prices. Furthermore, another factor that contributed to the increase in external movements was Asian demand, mainly from China.” There were 1.3 million tons of soybeans, an increase of 30%, equivalent to 420 thousand tons compared to the same period in 2023. In monetary value, exports increased by 26%, which corresponds to a movement of U$$ 126 million compared to the same period of the previous year. The main destination for the oilseed was China, responsible for ...
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