Brazil’s iron ore export revenues set to dethrone soybeans in 2021 – AEB

The estimate was made after a surge in iron ore prices in the wake of steady demand from China, which has been paying premium prices for export leader Vale's better quality product.

RIO DE JANEIRO, BRAZIL - The revenue from Brazilian iron ore exports should increase by approximately 60% in 2021 compared to last year, to US$41.25 billion, with the mineral commodity dethroning soybeans from the top ranking in foreign exchange generation in the country after 6 years, according to the Brazilian Foreign Trade Association (AEB) on Tuesday.

With the surge in ore, in a year in which soybeans may also close with record export volumes and . . .

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