According to the National Association of Cereal Exporters (Anec), Brazilian soybean exports for November are expected to reach 5.15 million tons, a significant increase of 168% compared to the same period last year. The growth is attributed to higher supply after a record harvest in the first half of the year. Additionally, Brazil’s corn shipments are also expected to increase by over 50%, totaling 8.35 million tons due to abundant supply and high external demand.
Source: Forbes Agro (*Translated by Ia Niani)
BRAZIL’S SOYBEAN EXPORTS TO GROW 168% IN NOVEMBER
Published On - 16 de November de 2023