USDA estimates Paraguayan soy flour exports at 2 million tons

Published 2024년 2월 27일

Tridge summary

The USDA predicts that Paraguay's soybean meal exports will slightly increase to 2 million tons in the 2023/2024 harvest, up from 1.9 million tons in the previous year. The global production for the 2023/2024 campaign is expected to be 258 million tons, with 70 million tons for export. The leading exporters will be Argentina, Brazil, the United States, Paraguay, and Bolivia. In 2023, Paraguay's soybean meal exports amounted to 1,895,327 tons, generating USD 885.1 million.

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Original content

The USDA estimates that Paraguay would send 2 million tons of soybean meal, a slight improvement, compared to the 1.9 million tons estimated in the 2022/2023 harvest. Regarding the January report, the international organization kept the projection of shipments of the byproduct for our country unchanged. At a global level, the 2023/2024 campaign would record a production of 258 million tons and an export of 70 million tons. The main exporters of soybean meal would be Argentina (24.4 million tons), Brazil (20.5 million), the United States (13.8 million), Paraguay (2 million) and Bolivia (1.8 million tons) , among others. ...

Source: Productivacm