Brazil’s soy exports at highest rate in February since last July

According to data released on Monday (March 2nd) by the Economic Ministry’s Foreign Trade Secretariat, soybean exports from Brazil in February totaled 5.12 million tons, slightly lower than year-ago levels (5.27 million), but the largest volume shipped since July 2019 (7.4 million).

February shipments were recorded in the midst of a record high harvest during the month, and after relatively weak exports in January at 1.5 million tons. According to a report published by Reuters, since the beginning of February the number of vessel calls at ports pointed to an intense export rate. Rains however curtailed this somewhat.

Source: Reuters

Sharing is caring!