Brazilian soybean exports may exceed 2.5 mln tons in January

According to ANEC experts’ forecasts, Brazil may ship 1.8 million tons to 2.63 million tons of soybeans to foreign markets in January. Which is more than last month, then the export of Brazilian oilseed was 1.47 million tons, and in January 2024 – 2.40 million tons.

Between January 19 and 25, 725,600 tons of soybeans were prepared for export at the country’s ports against 204,900 tons a week earlier.

At the same time, exports of soybean meal from Brazil in January may decrease to 1.81 million tons (in December -2.17 million tons). However, shipments will increase compared to the corresponding figure for 2024 (1.76 million tons).

Experts forecast corn exports from Brazil in January at the level of 3.53 million tons (in December 2024 – 3.62 million tons; in January 2024 – 3.51 million tons). At the same time in the period from 19 to 25 January 1.22 million tons were prepared for shipment (708 thousand tons – a week earlier).

Earlier it became known that China suspended deliveries of Brazilian soybeans from 5 companies because their cargoes did not meet phytosanitary requirements. Suspension related to phytosanitary measures was caused by the fact that Brazil has seriously increased its share in the world’s largest soybean market at the expense of the United States.

Tags: export, Brazil, soybean