June 4, 2007

 

Brazil's soybean exports decline to 3.15 million tonnes in May

 

 

Brazil's soybean exports totalled 3.15 million tonnes in May, down from 3.2 million tonnes in April, the Foreign Trade Ministry said Friday (Jun 1).

 

However, May's export volume was up from 2.9 million tonnes in May of last year.

 

Average monthly prices for Brazilian soybeans fell to US$261.90 a tonne in May from US$279.60 in April, but May's prices were up in comparison with those of a year earlier because of higher international soybean prices.

 

Revenue from soybean exports fell as a result of the lower volume and lower prices, hitting US$825.7 million, compared with US$884.9 million in April.

 

Brazil shipped an average of 143,300 tonnes of soybeans a day to world markets in May, compared with 158,300 tonnes in April.

 

Oil and meal exports increase

 

Soymeal exports rose to 1.4 million tonnes for the month of May, up from 1.05 million tonnes in April and 774,200 in May of last year.

 

The daily export average for soymeal for the month was 63,100 tonnes, compared with 52,900 tonnes in April.

 

Revenue from soymeal exports rose to US$293.2 million in May from US$236.9 million in April and US$143 million in May 2006. Prices declined for the second straight month. The average price for Brazilian soymeal in May was US$211 a tonne, down from US$224 a tonne in April.

 

Soyoil exports totalled 211,200 tonnes in May, up from 153,600 tonnes in April and just 95,200 tonnes in May 2006.

 

Average prices for Brazilian soyoil rose to US$633.60 a tonne in May, up from US$616.10 a tonne in April and US$470.60 in May of last year.

 

The daily export average of Brazilian soyoil exports for May was 9,600 tonnes, up from 7,700 tonnes in April and 4,300 tonnes in May 2006.

 

Revenue from the soyoil trade rose to US$133.8 million in May from US$94.7 million in April, the government said. In May 2006, soyoil revenue was just US$44.8 million.

 

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