Soybean exports from Brazil grow more in March, says Anec, who sees an increase in the 1st quarter

Published Mar 21, 2023

Tridge summary

Brazil is set to increase its March soybean exports by around 500,000 tons to 15.4 million tons, according to the National Association of Cereal Exporters (Anec). This would result in a quarterly growth of 330 thousand tons compared to the same period last year, with the total quarterly export estimate standing at 23.88 million tons. Despite a slower pace in 2023, Brazil is expecting a record harvest of over 150 million tons. Anec also forecasted a decrease in soybean meal exports but an increase in corn and wheat shipments for March.

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

Original content

By Roberto Samora SAO PAULO (Reuters) - Brazil is expected to export 15.4 million tons of soybeans in March, up by around 500,000 tons from the previous week's forecast, the National Association of Cereal Exporters (Anec) pointed out on Tuesday. which now also sees Q1 growth over 2022. If the expectation is confirmed, Brazil should increase exports in the first quarter by around 330 thousand tons compared to the same period last year, thanks to a strong increase of 3.2 million tons in March compared to the total shipped in the same month of 2022, according to Anec data, which consider shipments and vessel scheduling. Brazilian soybean exports in the first quarter are now estimated at 23.88 million tonnes, up from 23.55 million in the same period last year. The growth takes place amid a record Brazilian harvest, which should exceed 150 million tons, up 20.6% compared to last year. The expected increase in March happens with the country having harvested more than half of the soybean ...

Source: NoticiasAgricolas