Sales to China are still going strong, driven by more affordable Brazilian product. Mato Grosso state industry association Aprosoja has revised down its output estimate.
Browsing: soja
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
National Supply Company estimates 2019-2020 grain output to reach 246.4 million tons, up 18% from the previous crop.
Last month saw USD 7.25 billion worth of products shipped from Brazil.
Foreign sales of basic goods rose 2.7% in September, while sales of other items dropped 7%, according to Fundação Getulio Vargas (FGV).
Foreign sales from Brazil fetched USD 8.17 billion in September, the Ministry of Agriculture said.
Exports reached USD 5.2 billion and imports came out to USD 3.3 billion in the third week of May in Brazil. Month-to-date, there was a USD 5 billion surplus.
Exports by Brazilian agribusiness totaled USD 8.89 billion last month. Year-to-date, exports generated USD 30.5 billion, up 4.4%.
