January 3, 2007

 

Brazil's soy exports decline to 471,100 tonnes in December

 

 

Brazil's soybean exports for the month of December declined as expected to 471,100 tonnes compared with 998,300 tonnes in November, the Foreign Trade Ministry said Tuesday (Jan 2).

 

Soybean exports also declined in comparison to December 2005 shipments of 1.4 million tonnes.

 

Brazil's soy crop is currently in its mid- to late-stages of development.

 

Daily export averages for December were 23,600 tonnes over the 20 business days in the month, or 53 percent less than November exports for soybeans and 97 percent less than December 2005 averages, according to preliminary government figures.

 

Revenue for the month also declined along with the volume, hitting US$116.7 million compared to US$236 million in November and US$341 million in December 2005.

 

Soymeal exports rose in December, however, to 979,000 tonnes compared with 924,100 tonnes in November. Soymeal exports were down compared to December 2005 volume of slightly over 1 million tonnes. Daily export averages of Brazilian soymeal was put at 48,900 tonnes, or 6 percent greater than November shipments.

 

Soymeal revenue rose to US$209.5 million in December, compared with US$192.2 million in November. Revenue was similar to December 2006 revenue in December 2005.

 

Soyoil export volume declined to 151,100 tonnes in December compared to 165,100 tonnes in November and 193,000 tonnes in December 2005.

 

Daily exports of soyoil leaving Brazilian ports were roughly 8,000 tonnes, or 8.5 percent less than November shipments.

 

Soyoil revenue for December was US$89.7 million compared to US$88.2 million in November and US$86.6 million in December 2005.

 

Brazil is the world's no. 2 soy exporter behind the US.