December 22, 2003

Substantial Increase in Brazilian Soy Export Revenues

In the period 1-14 December, average daily Brazilian soy complex export revenues totaled $34.625 million, up 146.8% compared with a daily average of $14.031 million in December of last year, the foreign trade secretariat, or Secex, reported Monday.

Daily soy complex export revenues in December were 66.1% higher than the November daily average of $20.841 million.