The greatest increase of shipments shown by Brazil, which increased oilseed exports in April to 10.43 (10,09) million tons. Exports from Argentina also exceeded the expectations of market operators is 0.86 (0,68) million tons. Shipments from Paraguay and Uruguay amounted to 0,72 (0,77) million tonnes of 0.61 (0,16) million tons respectively. Also continue to increase exports of the United States – to 2.47 (1,43) million tons.

The largest amount of soybeans in April was again shipped to China – 10,03 (8,63) million tons. Driver of growth in world trade of oilseeds in the reporting month was also an increased demand for products from the EU, Egypt, Pakistan and several other countries.

At the same time, there is a decrease in supply in Mexico, Indonesia, Iran, Japan and Taiwan.

It is also expected that the high level of competition between the US and Brazil for a share of the export market will continue in the coming months.

Photo: gmanetwork.com