Soybean exports from Brazil generated US$ 3.908 billion in July (15 working days), with a daily average of US$ 260.519 million, according to the Foreign Trade Secretariat (Secex). The total amount exported by the country in the period reached 7.956 million tons, with a daily average of 530.401 thousand tons. The average price per ton was US$ 491.20. Compared to July 2022, there was a 15.9% increase in average daily revenue and 48.4% in volume. The price fell by 21.9%. The National Supply Company (Conab) estimates that the 2022/23 soybean crop in Brazil will reach 154,566.3 million tons. Conab also made estimates for soybean exports. According to the entity, in the accumulated result for the year, Brazil should ship 95.64 million tons, an increase of 21.5% if compared to the previous harvest.
Sources: Canal Rural/Datamar News