Brazil’s soybean exports could exceed 10 million tonnes in February, marking a significant jump compared to January and the same period last year In January, when soybean exports are traditionally lower compared to other months, shipments were estimated at 2.3 million tonnes, a high level for the month, with the country relying on stocks from the previous season. In February, shipments are expected to benefit from the arrival of more soybeans from the new harvest, as harvesting is ahead due to the shortened crop cycle caused by drought and heat, according to analysts.
Sources: Forbes / Datamar News
BRAZIL’S SOYBEAN EXPORTS COULD EXCEED 10 MILLION TONNES IN FEBRUARY
Published On - 8 de February de 2024