Brazilian exports of the soyabean complex totaled 3.455 million tons in January, with revenues of US $ 1.322 billion. Compared to the same period of 2018, the increases were, respectively, 27.3% and 28.5%. Compared to December, there was a decrease of 41.2% in volume and 41.9% in revenue. The data were released at the beginning of February by the Ministry of Economy’s Secretariat of Foreign Trade (Secex). With a record harvest in Brazil in 2017/18, inventories were more voluminous at the turn of the year. This, coupled with increased Chinese demand from the trade war and the collapse of the harvest in Argentina, allowed an increase in shipments in January. Exports of soybeans totaled 2.154 million tons in January. In comparison with the same period of 2018, when 1.536 million tons were shipped, the increase reached 40.2%. Revenue from foreign sales of grain reached US $ 815.0 million, an increase of 37.1% over January last year (US $ 594.3 million). In comparison with December, when 4.231 million tons were shipped, exports fell 49.1% in volume. In revenue, the decline was 50.2% compared to the total of US $ 1.638 billion obtained in December. The average price of the exported product was US $ 378.40 / ton, compared to US $ 380.10 / t in January 2018 and US $ 387.20 / t in December. Soyabean meal, exported volume totaled 1.261 million tons, an increase of 11.8% compared to January 2018, when Brazil sent abroad 1,127 million tons. Before December, when shipments totaled 1.608 million tons, there was a decrease of 21.06%. Export revenue in January totaled US $ 481.6 million, an increase of 21.8% compared to US $ 395.3 million in the same period of 2017. Compared to the previous month, when revenues totaled US $ 609 million , the decrease was 20.9%. As for soybean oil, exports in January totaled 39,600 tons, down 21.7% compared to the same month of 2017, when shipments totaled 50,600 tons. In relation to December, when 39K tons were shipped, the increase was 1.5%. Revenue from foreign sales totaled US $ 25.0 million in January. The drop was 35.1% compared to the same period last year, when resources from exports totaled US $ 38.5 million. Compared to December, when revenue totaled US $ 26.2 million, the decrease was 4.6%.
Source: Revista Globo Rural