MT: Soybeans behind 15% increase in March exports 12-04-2020

In Mato Grosso, soy is behind the 15% increase in exports this March, in contrast to February. These are data from the economic situation bulletin of Imea (Instituto Mato Grosso de Economia Agropecuária). The analysis indicates that the increase in foreign trade was mainly due to the growth in soybean exports, which reached 14%.

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Some other items also had an increase in exports. These are: meat, wood and charcoal. As a result, and in the midst of the new coronavirus pandemic, the price of products exported to China rose considerably, from U$ 644 million to U$ 715 million.

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According to the bulletin, imports also felt the tide rising, with an advance of 49.8% in the same period, due to the greater receipt of fertilizers in the state. Thus, the trade balance of Mato Grosso showed an addition of 12.7% in the month of March.

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MT: a soja está por trás do aumento de 15% nas exportações de março

Most of the exported products are destined for China. The one that had one increased from 7%. Among these items, soybeans had the biggest increase, at 14%.

However, even with the increase of 4.0%, the Gross Value of Production (GVP) of agriculture in Mato Grosso, the value of production in agriculture fell by 1.0% in the state, in March, compared to the previous month.

This decrease was triggered by the value of livestock, which decreased by 14.8% as a result of the drop in price projections and slaughter of cattle, poultry and swine. In addition to the reduction in the forecast of milk collection this year 2020, due to uncertainty regarding the demand for animal protein and dairy derivatives, resulting from the generalized crisis caused by the new coronavirus pandemic.

Mato Grosso do Sul

Meanwhile, in Mato Grosso do Sul, the forecast is that the 2019/2020 soybean crop will be the largest in the state's history. Conab indicates that the harvest should reach 10.1 million tons, while Aprosoja/MS will reach 11.3 million tons. know more.

See too: Rural Financing Banco do Brasil- best options for you.

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