The experts specify, that if not experienced in the last month of the transportation problem with supplies from the Mato gross and the load ports of the country, this figure could be higher. The largest volume of Brazilian oilseeds in July were purchased by China and 5.3 (4,14) million tonnes, also increased purchases of Iran and Taiwan to 257 (82) thousand tonnes and 134 (81) thousand tonnes respectively. At the same time, shipments to the EU and Pakistan were reduced to 527 (706) thousand tonnes and 88 (102) thousand tonnes respectively.

Also at the end of July marked an increase in export shipments of Brazilian soybean oil by 69 thousand tons per year, to 151 thousand tons. Volumes increased mainly due to India and Bangladesh, which purchased 95 (31) thousand tons and 31 (5) tons of product.

Shipments of soybean meal in the past month decreased to 1.15 (1,38) million tonnes due to reduced exports to South Korea to 66 (149) thousand tons and Iran – to 19 (59) thousand tons. The EU, in turn, increased imports of products to 809 (612) thousand tons.

It is also worth noting that by the end of July, the stocks of soybeans in Brazil at 12-13 million tonnes exceeded last year's level. This fact allows us to expect rather active exports of the soybean complex from Brazil in the remaining months of the season.

Photo: agro-russia.com