Brazil’s soybean exports continue to be strong this year. From January to August, 75.1 million tons of soybean were exported, an increase of 34% when compared to the same period last year. However, for oversea investor and domestic producers, the positive moment may be coming to an end. For that reason, global importers rush to buy what is still left on the domestic market, says Matheus Pereira, director of ARC Mercosul. On Thursday (17), due to high dollar rates in the morning, prices per bag of soybeans reached high levels in the Port of Paranaguá (PR), R$ 145 per bag. “It was a one-off increase restricted to some businesses; however, prices remain high in general, ranging from R$ 138 to R$ 140 per bag”, says Pereira.
Source: Canal Rural