Brazil’s soybean exports in April fell 28% year-on-year, while export earnings rose 1.7%

Foreign media, May 5: According to data released by the Brazilian Foreign Trade Secretariat (SECEX) on Thursday, Brazil’s soybean exports in April 2022 were 11.57 million tons, a decrease of 28.17% from the same period last year.

For comparison, Brazil’s soybean exports in March were 12.3 million tons, a year-on-year decrease of nearly 400,000 tons; in the first quarter, exports reached 21 million tons, a year-on-year increase of 36.5%.

But rising soybean prices helped boost export earnings. Brazil’s soybean export revenue reached $6.78 billion in April, up 1.7% year-on-year.

Soybean prices rose about 42% during April. Soybean prices rose as global supplies tightened as a drought in Brazil reduced soybean production.