Soybean exports from Brazil should advance 20.5% in March

Published 2023년 3월 8일

Tridge summary

Brazil is set to see a significant increase in soybean exports in March, with a projected total of 14.66 million tons, a 20.5% rise from the previous year, according to the National Association of Cereal Exporters (Anec). This estimate comes as Brazil's soybean shipments experienced a slight decline in February due to a slower harvest of the 2022/23 crop. In addition to soybeans, Anec forecasts the export of up to 803,200 tons of corn, 1.9 million tons of soy meal, and 612.8 thousand tons of wheat for March, with each category seeing year-over-year growth in their export volumes.

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

Original content

SAO PAULO (Reuters) - Brazil is expected to export 14.66 million tons of soybeans in March, up 20.5% year-on-year, the National Association of Cereal Exporters (Anec) estimated in its first projection on Wednesday. for the month. The largest global producer and exporter of the oilseed shipped 7.55 million tons of the grain abroad in February, versus 9.1 million in the same month of 2022, in the face of a slower harvest of the 2022/23 crop. The projection for March is in line with estimates by the maritime agency Cargonave, released on Monday. For corn, Anec estimated shipments of up to 803,200 tons, but also considering a minimum of 549,000 tons for the month. The margin estimated by the entity easily exceeds the volume of 107.2 thousand tons of corn shipped in March last year, according to the data. Anec also projected foreign sales of 1.9 million tons of soy meal, versus 1.37 million in March last year. Demand ...

Source: NoticiasAgricolas