A study carried out by the consulting firm DATAGRO confirmed a strong increase in the overall volume of soybeans and derivate products shipped in 2021: total shipments amounted to 105.03 million tonnes, up 4% from 2020 when 101.02 million tonnes were exported. The increase in the amount shipped and the rise in average prices helped Brazil achieve a significant increase in total revenue from soy complex exports in 2021: US$ 48.160 billion. DATAGRO expects only revenue to grow this year, given severe production losses that reduced the volume available to be exported. However, “these cuts will be offset by the expressive rise in average prices,” analyzes França Junior. According to the firm, shipments from the soy complex will total 99.15 million tonnes, which, if confirmed, will be 5.6% lower than last year’s record. The forecast for revenue is US$ 51.345 billion (+6.6%).
Sources: Notícias Agrícolas/Datamar News