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Brazil Soybean: Exports in December will reach 2.77 million tons

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Brazil: Foreign media news on December 22: The Brazilian Association of Grain Exporters (ANEC) stated that Brazil’s soybean exports in December 2021 might reach 2.77 million tons, which is 33,995 tons less than the estimated value a week ago, but compared to December 2020. The export volume of 161,024 tons increased by 17 times.

Brazil: Foreign media news on December 22: The Brazilian Association of Grain Exporters (ANEC) stated that Brazil’s soybean exports in December 2021 might reach 2.77 million tons, which is 33,995 tons less than the estimated value a week ago, but compared to December 2020. The export volume of 161,024 tons increased by 17 times.

Mintec Global

The reason for the huge soybean exports in December this year is that the soybean output harvested at the beginning of this year set a record high, and the supply of new soybeans in 2021/22 is expected to be sufficient. If exports in December meet expectations, Brazil’s soybean exports in 2021 will reach a record 86.87 million tons, higher than the 82.3 million tons in 2020.

Current Market Price in China for 2020 CROP soybean

Product  Chinese Soybean
Type  NON-GMO
Colour  Yellow
Purity  99.5 % Min
NON GMO
Package  25kg  Paper Bag
Loading  22Tons / 20GP
FOB Dalian USD 1140-1180/Mt