During the last decade, Paraguayan soybean production has increased by 42%. It is remarkable the role of Argentina as export destination, absorbing in 2020 62% of the complex’ exports.
2020/21 exported tons of wheat falls 30% year-on-year. The increase of international prices softens the fall of the export value. Next crop purchases stand firm. Fund positioning turn back to positive territory.
Between year 2003 and 2019 the “Cereal and Oilseed Crops” sector settled foreign currency for US$ 385,817 million. During the last analyzed year, this sector's share of total exports income was 46%, close to the top of the series reached in 2016.
Domestic prices of forage barley rocketed and it is paid with a premium over wheat on wholesale markets, which makes the planted area grow. The role of China and the prospects for the new crop season in our country.
Agribusiness share of total exports increases. Encouraging start for soybean grinding, but caution on the short term. Corn harvest still delayed but expected. Average cargo of ships remains falling.
Cereal milling during May shows a fall of 7.5% compared to the same month of the previous crop. Besides, milling sector buyings to date are the lowest in six years.
Changes in US monetary policy prompted the exit of major investment funds from commodity markets, and Chicago prices lost in a month all of 2021 profits.
The productive blow of the current crop season leaves exports to date at its lowest level in 5 years. At the same time, 2021/22 planting moves on with favorable agro-climatic conditions.
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