September 3, 2008

 

Brazilian soy export falls 40.8 percent in August
   

   

Brazilian soy exports fell 40.8 percent from the previous month to 2.3 million tonnes in August, according to the country's Ministry of Agriculture, Livestock and Supply Monday ( September 3, 2008).

 

Soy export revenue for August fell to US$1.22 billion dollars from US$1.9 billion in July, but was higher than the US$763 million during the corresponding period the previous year.

 

Higher prices may have been one factor in the drop-off in exports.

 

The average per tonne soy price totaled US$517.2, up 8.3 percent from July but 81 percent from last August.

 

From January to August, Brazilian soy export was up 8.5 percent year-on-year to 20.1 million tonnes, bringing the country a total revenue of US$8.8 billion, up 77 percent.

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