soja / soybean

Paraguay soybean exports decrease 50.5% year on year

Jun, 22, 2022 Posted by Gabriel Malheiros

Week 202225

The Foreign Trade Report of the Paraguayan Grains and Oilseed Traders Association (CAPECO)  indicates that soybean exports from Paraguay decreased by 50.5% in May 2022 to 1,638,763 tonnes compared to the same period in 2021, when the volume reached 3,309,615 tonnes.

According to Sonia Tomassone, Capeco’s Foreign Trade Advisor, the total exported in May represents half of what was shipped in the fifth month of 2021 due to a drastic output decline caused by adverse weather conditions during the 2021/2022 harvest.

The entity also highlighted that the loss in soybean exports and derivatives from Paraguay will continue to deepen in the coming months due to the poor availability of inputs caused by the decline in production triggered by the acute drought at the start of the year.

Source: Canal Rural

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