News

Soybean exports from Brazil should advance 20.5% in March

Soybean
Brazil
Published Mar 9, 2023

Tridge summary

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.

Original content

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 for bran is heated and prices are at international highs, ...
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