Tridge summary
Paraguay has seen a significant increase in soybean oil exports, with a 50% rise from the previous year, exporting 190,091 tons in the latest month compared to 126,912 tons in the same period in 2023. This has resulted in an 8.4% increase in foreign exchange earnings, reaching USD 149.9 million in April 2024, up from USD 138.3 million in the same period of the previous year. The higher volume of soy by-product exports indicates greater industrialization in the country during the first four months of the year. However, the average export price of soybean oil has decreased by 28% compared to the previous year, dropping to USD 789 per ton from USD 1,090 per ton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to BCP data, Paraguay exported 190,091 tons of soybean oil last month, that is, 63,230 tons more (50%) than the same period in 2023, when 126,912 tons were shipped. At the income level, the greater volume sent of this oilseed derivative allowed the increase in foreign exchange, which until last month reached USD 149.9 million, an increase of USD 11.6 million (8.4%), since in the same period of 2023 exports generated USD 138.3 million. The increase in exports of this soy by-product implies that there was greater industrialization in the country during the first ...
Source: Productivacm
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