With less than a month to go until the end of 2021, soybean grain exports have already hit a record. From January to November this year, Brazil exported 83.4 million tons, surpassing annual exports for the entire historical series. Moreover, official data from the Ministry of Economy show growth of almost 40% of soybean oil exports from January to November 202, when compared to the same period of the last year, with more than 1.5 million tons destined for the foreign market. The Brazilian Association of Vegetable Oil Industries (Abiove) updated monthly statistics of the soy complex by October 2021. The volume of crushed soy grew in comparison with the previous months – August and September 2021. When compared to October 2020, the volume of crushed soy remains smaller. In October 2021, total volume of crushed soy reached 3.4 million tons. Considering the entire Brazilian soybean chain, it comes to 4.0 million tons, down 1.7% over October 2020.
Source: Canal Rural (*Translated by Ia Niani)