EXPORTS OF SOYABEAN COMPLEX INCREASE 22.2% IN VOLUME AND 29.6% IN REVENUE IN 2018

Brazilian exports of the soya complex (grain, bran and oil) totaled 102.098 million tons in 2018, 22.2% above the 83.555 million tons shipped by the country in the previous year. In terms of revenue, Brazil exported US $ 40.963 billion in 2018, 29.6% above the total sold abroad in 2017 (US $ 31.603 billion). The data were released by the Ministry of Industry, Foreign Trade and Services (MDIC). In December, Brazil exported 5,878 million tons of the soyabean complex, an increase of 91.1% over the same period of the previous year, when 3,076 million tons were shipped. In the monthly comparison, the decrease was 4.9% in relation to November, when 6,184 million tons of soya, bran and oil had left Brazil. In terms of revenue, the country exported US $ 2.273 billion in December, up 91.9% from a total of US $ 1.184 billion shipped abroad a year earlier. Before November, when Brazil had exported US $ 2.477 billion, the drop was 8.2%. The fall in Argentina’s soyabean crop and the trade war between the United States and China stimulated demand for the Brazilian grain. In addition, the smallest corn crop in the country extended the soya export window, which traditionally occurs in the first half.
Source: Revista Globo Rural