soybean imports

Brazil’s Anec raises forecast for soybean exports in May

May, 24, 2023 Posted by Gabriel Malheiros

Week 202321

Brazilian soybean exports are expected to reach 15.9 million tonnes in May, according to the latest estimate from the National Association of Grain Exporters (Anec). The organization revises its projections weekly based on the vessel line-up at ports.

This volume is higher than last week’s estimate of 15.76 million tonnes and exceeds the total shipments in May of the previous year when the country exported 10.27 million tonnes.

Find below Brazil’s exported volume of soybeans between Jan 2020 and Mar 2023, according to the maritime intelligence service DataLiner.

Brazilian soybean exports | Jan 2020 – Mar 2023 | WTMT

Source: DataLiner (click here to request a demo)

Anec has reduced its projection for soybean meal exports, which now stands at 2.49 million tonnes compared to the previous estimate of 2.6 million. However, despite the reduction, this volume is still higher than that of May 2022, which totaled 1.89 million tonnes.

Brazil is expected to export 387,000 tonnes of corn this month, a decrease from the previous report’s projection of 570,000 tonnes. This result would be lower than the 1.09 million tonnes shipped in May 2022.

According to Anec, wheat shipments are projected to reach 151,000 tonnes this month, surpassing the previous estimate of 119,000 tonnes and the 109,000 tonnes recorded a year ago.

Valor Econômico

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