Dollar and high demand make soy and oil exports nearly double

  • 19 de October de 2021
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Daily averages of Brazilian soybean and oil exports jumped more than 90% until the second week of October, compared to the pace of shipments verified in the same month last year

Soybeans: the largest producer and exporter of the grain shipped 240.2 thousand tons per day, against a daily average of 121.1 thousand in October last year (Getty Images//iStockphoto)

The daily average of exports of soy and oil from Brazil jumped more than 90% until the second week of October, compared to the pace of shipments verified in the same month last year, data from the Foreign Trade Secretariat (Secex) showed on Monday .

In soybeans, the The largest producer and exporter of grain shipped 240.2 thousand tons per day, against a daily average of 121.1 thousand in October last year.

In oil, they were exported 435.67,000 tonnes per day through the second week of this month, versus 228.53 thousand tonnes per day in October 2020, according to the survey.

Both commodities have a favorable dollar for the exporter, attractive prices and firm international demand. In the case of oil, a global energy crisis and supply restrictions also boost prices.

On the other hand, foreign sales of corn in Brazil plummeted after frustration in the second 2020/21 crop of the cereal. The daily average dropped from 250,19 thousand tons in October last year to 80,46 thousand tons in the accumulated result for this month.

Another negative highlight goes to beef, after seeing high shipments throughout September and breaking monthly export records, despite a suspension of protein shipments to China.

From October to the second week, Brazil exported 5.07 thousand tons of fresh beef per day, compared to a daily average of 8,13 thousand tons in the same month of 2020. Last month, the country shipped 12 thousand tons of protein per day.

Source: https://exame.com/economia/dolar-e-demanda-alta-fazem-exportacoes-de-soja-e-petroleo-quase-dobrar/
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