World exports of Soybeans are at 10,06 million in August Tonnen decreased compared to 11,07 million tons in the previous month, but is higher than the result in the same period last year (9,83 million tons), Oil World experts estimated.
In particular, according to experts, Brazil has 6,09 million tons in August Soybean exported, which is lower in both July (7,51 million tons) and August 2021 (6,48 million tons). In addition, Argentina shipped only 0,3 (0,43, 1,47) million tons, Uruguay 0,59 (0,57, 0,2) million tons. Separately, it is noted that Bolivia increased exports of soy last month to 500 thousand tons compared to only 51 thousand tons in August last year, thanks to an increase in its own oilseed production.
In return, oil oil exports increase the USA further, which shipped 2,9 million tons of soy to foreign markets in August against 2,15 million tons in July and 1,17 million tons in August 2021. In the export sector, 0,5 million tons of US soy were exported to the EU, 0,48 million tons to Mexico and 0,54 million tons to China.
As an important importer of soy, China has the import of Soybeans, which was 5,56 million tons in August, further reduced, which is almost 1 million tons compared to the previous month's result (6,36 million tons) and the August 2021 result (6,17 million tons).