Reported 11 months ago
Paraguay's soybean exports are increasing as shown by data, with May shipments reaching 1.13 million metric tons, up 34% from the previous month. The country, now the 3rd largest soybean exporter, is expected to harvest over 10 million tons this season. Delayed by low river levels earlier, sales are now picking up due to global demand and higher prices, with July soy futures in Rosario reaching $325. Despite challenges like low river levels due to drought in neighboring Brazil, Paraguay's export momentum is expected to continue.
Source: YAHOO