Argentina’s grain exports set a new record in May with US$ 4.2 billion
Jun, 02, 2022 Posted by Gabriel MalheirosWeek 202222
Argentina’s grain industry sold US$4.2 billion in May, the best monthly result ever recorded by the country, said the Argentine Edible Oil Association (CIARA) and the Grain Exporters Association of Argentina (CEC) on June 1st.
The exports of Argentina’s grain sector increased by 33% on a month-by-month basis, while the country’s foreign exchange revenue totaled US$15.3 billion with shipments in the first five months of the year, according to the report.
In a joint statement, the institutions claimed that grain exports were impacted by international market tendencies, as well as government-imposed limits and an “enormous idle capacity” in the soy processing industry.
Soybean bran is the main product shipped by the country, representing 14.2% of the shipments. It is a by-product generated by this agro-industrial complex, which currently has a high idle capacity of close to 50%.
The oilseed complex, including biodiesel and its derivatives, accounted for 48% of Argentina’s total exports last year.
Source: Money Times
To read the full original article, please go to: https://www.moneytimes.com.br/exportacoes-de-graos-da-argentina-chegam-a-us-42-bi-em-maio-e-marcam-recorde/
-
Ports and Terminals
May, 24, 2021
0
Lot STS10 at the Port of Santos may receive a new container terminal
-
Economy
Sep, 25, 2023
0
Brazil’s trade surplus reaches $1.591 Bn in fourth week of September
-
Trade Regulations
Jul, 16, 2021
0
Bill suspends resolution cutting import tax on capital goods and telecommunications
-
Fruit
May, 31, 2024
0
Fruits: Brazil grows many but exports few