BRAZIL HITS NEW RECORDS AND EXPORTS 36% MORE SOYA IN GRAIN IN 2020

Brazil continues to break all records when it comes to soy exports. From January to May this year, the country has already shipped 49.725 million tons of oilseed grain, up 36.1% compared to the same period in 2019. The data consolidated by the National Association of Cereal Exporters (Anec), also show that the The year’s result is a historic record. The country’s best result in soybean grain exports, from January to May, was in 2018, when 40.336 million tons were shipped. This year’s volume exceeds the previous record by 23.3% and crowns the year 2020. Of the 49 million tons sold this year, 73% was only for the Chinese who purchased 36.356 million tons of soybeans. That is, they bought more than the same accumulated period of 2019, confirming a new record between January and May. In second place for Brazilian soy destinations comes Spain, with 1.978 million tons, followed by: Holland (1.808 million tons), Turkey (1.466 million tons) and Pakistan (861 thousand tons). For some analysts starting in May, Brazil would already feel an impact (reduction in sales) in soy exports, since in the previous months sales exceeded expectations. In fact, May closed with sales (13.915 million tons) lower than those recorded in April (14.259 million tons), but nothing that would take from May 2020 the absolute record for the month in history. Until then, the best May in history had been in 2018, with the sale of 10.888 million tons of soybeans. Last month’s result was so good that it became the second best monthly mark in history, second only to April 2020, as already mentioned above. If the results so far have been excellent for the country’s soy exports, Anec’s prospects for June should not escape the rule. According to the organization, which uses real-time data on shipments abroad, the country should sell 10.799 million tons of soybeans in June. If this is confirmed, the amount will be 22.4% lower than May, but almost 24% above the volumes shipped in 2019 (8.716 million tons).
Source: Canal Rural