ANEC expects Brazilian soybean exports to reach 8-10.5 million tonnes in May

Foreign media, May 4 news: Brazil’s National Association of Grain Exporters (ANEC) said that Brazil’s soybean exports in May 2022 may reach 8.075 million tons, but based on the latest freighter arrangements, exports may be as high as 10.5 million tons.

ANCE data shows that Brazil exported 2.28 million tons of soybeans in January this year, compared with 54,000 tons in January last year. The export volume in February was 9.11 million tons, the highest level in history, 5.51 million tons in the same period last year; the export volume in March was 12.16 million tons, compared with 14.92 million tons in the same period last year; the export volume in April was 11.35 million tons, compared with 15.67 million tons in the same period last year .

If the latest May forecast of 8.075 million tons materializes, Brazil will export 43 million tons of soybeans in the first five months of this year, down from 50.375 million tons in the same period last year.