SunSirs: Brazil's Soybean Exports have Decreased 43% Year-on-year since November 2024
November 21 2024 15:08:30 SunSirs (Selena)
SECEX data shows that Brazilian soybean exports have further declined since November, indicating that after months of strong growth, Brazilian soybean export supply is starting to tighten. From November 1st to 15th, Brazil's soybean exports were 1.48 million tons, compared to 5.2 million tons for the entire month of November last year. The average soybean export volume from November to today is 148,191 tons, a decrease of 43.0% compared to the same period last year.
So far in November, soybean export revenue has been 650 million US dollars, compared to 2.73 billion US dollars for the entire month of November last year.
Since November, the average export price of soybeans has been $437.0 per ton, a decrease of 16.7% compared to the same period last year.
As a comparison, Brazil's soybean exports in October were 4.71 million tons, a year-on-year decrease of 15.9%.
In September, Brazil's soybean exports were 6.11 million tons, a year-on-year decrease of 4.5%.
In August, Brazil's soybean exports were 8.04 million tons, a year-on-year decrease of 4.1%.
In July, Brazil's soybean exports reached 11.25 million tons, a year-on-year increase of 16%.
In June, Brazil's soybean exports were 13.95 million tons, an increase of 1.5% year-on-year.
In May, Brazil exported 13.45 million tons of soybeans, a decrease of 13.7% compared to the same period last year.
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