Mercosur junior member Paraguay ended 2022 with a negative trade balance of US$ 1,288.9 million, as a result of a 16,1% increase in total imports according to the country's Central Bank, BCP.
Brazil is on track for a record-high Brazilian soybean harvest in the marketing year 2022-23 (January-December 2023), based on forecasts from commodity consultancies and government-owned institutions. The likely estimate means a looming oversupply expected to remain until at least mid-2023.
In the eleven months of 2022, China imported 52.464 million tons of soybeans from Brazil, according to data from the latest Foreign Trade Secretariat (Secex), a department of the Ministry of Economy.
Argentine rural producers have voiced their rejection of Super Economy Minister Sergio Massa's proposal to create a reload version of the soybean dollar and insisted on the need to leave currency exchange free.
Argentina's Foreign Ministry Tuesday announced that the country's exports had amounted to US$ 7.901 billion in October, thus reaching new historic highs for this month.
The Chinese economy is slowing down, the Yuan is weaker against the US dollar and Beijing is insisting with complete lockdowns in many cities because of Covid 19 or respiratory diseases, reducing considerably activity and consumption.
Brazilian farmers are preparing for another soybean planting season, the 2022/2023 harvest with the critical component of fertilizers to ensure high productivity and yields, on the tracks.
Argentine farmers have sold 15.2% of the country’s 44 million-ton 2021/22 soy crop in seven days since the government implemented a more favorable exchange rate for cash crop exports, Rosario grains exchange reported.
Brazil's government CONAB, (National Supply Company) anticipated that the 2022/23 grains and oil seeds harvest would reach 308 million tons, given the good performance and strong international demand for corn, soybean, rice, beans and cotton.
Brazil expects soybean exports to reach 76.8 million tons in 2022, a 200,000-ton decrease from the estimate released in June, while oilseed processing in the country was adjusted upwards, with good margins for the production of bran and oil, according to Abiove, the Brazilian Association of Vegetable Oil Industries