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    Home > Food News > Food Articles > Over 70% of Brazil's soybean exports in the first three months of this year are sent to China

    Over 70% of Brazil's soybean exports in the first three months of this year are sent to China

    • Last Update: 2021-04-17
    • Source: Internet
    • Author: User
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    foodmate.
    net/tag_3725.
    html" class="zdbq" title="Brazil-related food information" target="_blank">Brazil's foodmate.
    net/tag_601.
    html" class="zdbq" title="Cereal-related food information" target="_blank">grain foodmate.
    net/tag_227.
    html" class="zdbq" title="Export-related food information" target="_blank">exports Association (Anec) recently released statistics show that in March this year, Brazil's foodmate.
    net/tag_269.
    html" class="zdbq" title="Soy-related food information" target="_blank">soybean exports reached 14.
    9 million tons, and last year grew by 12% compared to.
    In the first three months of this year, 72% of Brazil's soybean exports were sent to foodmate.
    net/tag_5027.
    html" class="zdbq" title="China related food information" target="_blank">China .
     
    The comprehensive Brazilian website "comexdobrasil" and "istoedinheiro" reported on April 8 that according to Anec data, Brazil's soybean exports in the first three months of this year were 20.
    4 million tons, down 5% year-on-year, compared to 21.
    6 million tons in the same period last year.
    Compared with the same period last year, soybean exports in January this year dropped significantly, and shipments in February also declined slightly.
     
      As of the end of March, the main exporter of Brazilian soybeans this year was China, and the transaction volume accounted for about 72% of the total.
    In addition, the export destinations of Brazilian soybeans also include Arab countries.
    Statistics show that Algeria has been among the top ten importers of Brazilian soybeans in the first three months of this year, with purchases accounting for 1% of Brazil's total exports.
    In addition, Spain, Thailand, the Netherlands and other places are also major buyers of Brazilian soybeans.
     
      The Brazilian National Commodity Supply Company (Conab) recently stated that it has raised its forecast for the 2020/21 national soybean harvest to a record 135.
    5 million tons, higher than the previous forecast of 13513 million tons.
    However, according to forecasts, soybean prices are likely to continue to be affected by the international exchange rate (the Brazilian currency real depreciates), and it is expected that the prices of such commodities will rise in April.
    foodmate.
    net/tag_3725.
    html" class="zdbq" title="Brazil-related food information" target="_blank">Brazil's foodmate.
    net/tag_601.
    html" class="zdbq" title="Cereal-related food information" target="_blank">grain foodmate.
    net/tag_227.
    html" class="zdbq" title="Export-related food information" target="_blank">exports foodmate.
    net/tag_269.
    html" class="zdbq" title="Soy-related food information" target="_blank">soybeans to foodmate.
    net/tag_5027.
    html" class="zdbq" title="China related food information" target="_blank">China
     
      The comprehensive Brazilian website "comexdobrasil" and "istoedinheiro" reported on April 8 that according to Anec data, Brazil's soybean exports in the first three months of this year were 20.
    4 million tons, down 5% year-on-year, compared to 21.
    6 million tons in the same period last year.
    Compared with the same period last year, soybean exports in January this year dropped significantly, and shipments in February also declined slightly.
     
      As of the end of March, the main exporter of Brazilian soybeans this year was China, and the transaction volume accounted for about 72% of the total.
    In addition, the export destinations of Brazilian soybeans also include Arab countries.
    Statistics show that Algeria has been among the top ten importers of Brazilian soybeans in the first three months of this year, with purchases accounting for 1% of Brazil's total exports.
    In addition, Spain, Thailand, the Netherlands and other places are also major buyers of Brazilian soybeans.
     
      The Brazilian National Commodity Supply Company (Conab) recently stated that it has raised its forecast for the 2020/21 national soybean harvest to a record 135.
    5 million tons, higher than the previous forecast of 13513 million tons.
    However, according to forecasts, soybean prices are likely to continue to be affected by the international exchange rate (the Brazilian currency real depreciates), and it is expected that the prices of such commodities will rise in April.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

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