The most significant growth was achieved in February, when exports grew more than two times yoy to 6.1 million tonnes.

According to official data, Brazil exported 8.96 million tons of soybeans in March, up almost 2% more than in the same month last year.

Volumes in March were generally higher than in the first two months of the year, as the pace of harvest to grow, reaching a peak in April and may.

The growth in March was due to the earlier harvest, along with torrential rains in some States, which influenced the rate of harvest during the greater part of the month.

But analysts say more dry weather to the end of the month prevented the recession and the continuing dry weather could lead to higher yields in April, as the southern States increase the crop, stimulating farmers to sell more beans.

Official estimates suggest that Brazil exports 70 million tons of soybeans this year, compared to 84 million tons exported last year.

As for corn, exports for the first quarter amounted to about 6.9 million tons, 41% more than in the first quarter of last year, when exports amounted to 4.9 million tons.

Exports for March amounted to 891 900 tons, 47% more than 605 300 tonnes in March 2018, but less compared to February and January amounts to 1.75 and 4.22 million tonnes, respectively.

Photo: Journal Agronomist

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