ANEC expects Brazil’s soybean exports to reach 11.28 million tons in May

Foreign media, May 25: Brazil’s National Association of Grain Exporters (ANEC) said that Brazil’s soybean exports in May 2022 may reach 11.278 million tons, down from an estimate of 11.483 million tons a week ago, and also lower than last May. The export volume was 14.221 million tons.

The export volume in May last year was also one of the highest monthly export volumes.

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 46.2 million tonnes of soybeans in the first five months of the year, down from 50.375 million tonnes in the same period last year.