Brazilian soybean exports lost pace after a first quarter with expressive numbers. From January to March this year, the country’s soybean shipments totalled 22 million tonnes vis-a-vis 15.4 million tonnes in the same period in 2021, according to data from the Foreign Trade Secretariat (Secex). Considering all 2022 shipments through April 10, Brazil exported 24.1 million tonnes of soybeans, earning a revenue of US$ 12.6 billion. Given the numbers obtained so far, the content director of Canal Rural, Giovani Ferreira, says that Brazil should not exceed the volume of shipments registered last year, of 86.1 million tonnes. He also highlights the reason for the reduction in shipments. If Brazilian soy exports were a record last year, in 2022, the volume of imports could be unprecedented. In 2021, Brazil imported 252 thousand tonnes, while the accumulated result for the year until April reached 193 thousand tonnes.
Sources: Canal Rural/Datamar News