Foreign media, June 1: Brazil’s national association of grain exporters (ANEC) said that Brazil’s soybean exports in May 2022 may reach 10.731 million tons, down from an estimate of 11.278 million tons a week ago, and more than last year’s May exports 14.221 million tons decreased by about 3.5 million tons. Soybean exports last May were also one of the highest monthly exports on record.
Brazil’s soybean exports this year are not as large as in 2021, especially between March and May, due to reduced soybean production and strong demand for soybeans from the domestic crushing industry.
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 comes true, Brazil will export 45.65 million tons of soybeans in the first five months of this year, down from 50.375 million tons in the same period last year.