Brazilian Corn Exports Exceed 1.7 Mln Tonnes in November
Soybean Exports Reach 1 Mln Tonnes
According to the customs agency, through November 22, Brazilian corn exports reached 1.7 million tonnes. Similarly, its soybean exports hit 1 million tonnes during the same period.
Corn Export Revenue Increases
Moreover, revenue from corn exports grew by 22.4% in November 2022 when compared to the same period in 2022, reaching US$396.5 million. However, the average price per tonne decreased by 3.7% to US$233.20.
Soybean Export Revenue Declines
On the other hand, soybean export revenue decreased by 14.7% to US$196.7 million. The average price per tonne also decreased by 20.9% to US$537.10.
Factors Influencing Corn and Soybean Exports
These export figures are influenced by several factors, including global demand, weather conditions, and currency fluctuations. However, Brazil remains a significant player in the global agricultural market, and its exports continue to contribute to the country's economy.
Sources:
- Reuters: Brazil soybean exports top 1 mln tonnes so far in Nov -customs
- Bloomberg: Brazil Corn Exports Soar to 1.7 Million Tons in November So Far
