DATAGRO points out a strong increase for soy exports. Brazil is expected to export 106.5 million tons of the soy complex in 2021, an increase of 5% when compared to the 101.4 million tons shipped last year. Analysts project sales “far above the 2020 record”, taking into account the existing forecast for the 2020/21 crop of 136.9 million tons. These numbers represent a growth of 7% in relation to the last season (128.1 million tons). To reach that figure, 87.5 million tons of soybeans are expected to be shipped (+4.9% over the 2019/20 season). In addition, experts estimate the export of 18 million tons of soy meal (+6.1%), and 1.05 million tons of soy oil (-5.3%). “The trend is for an increase of the soy complex in Brazil’s general export agenda. For a total revenue currently projected at US$ 222,000 billion, the sector would contribute with 20.5%, a percentage well above the 16.9% of 2020, and 17.0% of 2018”, DATAGRO says.
Sources: DATAGRO/Agrolink (*Translated by Ia Niani)