Brazil’s soybean exports slow in May, but still exceed 2020 – SECEX

RIO DE JANEIRO, BRAZIL – Brazil’s average daily soybean exports reached 880,000 tons by the second week of May, up 25% compared to the same month in 2020, data from the Secretariat of Foreign Trade (SECEX) showed Monday.

The pace of exports remains heated with the harvest of a record 2020/21 oilseed crop but cooled compared to last week when it exceeded 900,000 tons per day.

Also according to SECEX, average foreign sales of oil reached 364,300 tons a day by the second week of the month, a drop from the 412,800 a day recorded in May last year.

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