Record soybean harvest in Brazil contributes to positive trade balance

Record soybean exports had a positive impact on the trade balance in April and should continue to post positive results in May, according to the National Confederation of Agriculture (CNA)

RIO DE JANEIRO, BRAZIL - The production of almost 136 million tons of soybeans and the rise in international prices should continue to impact exports positively.

According to the National Confederation of Agriculture (CNA), record soybean exports positively impacted the trade balance in April. They should continue to post positive results in May. According to data from the Foreign Trade Secretariat of the Ministry of Economic, total Brazilian export revenue reached R$26.4 (US$4.9) billion in April, a 50.5% increase over the same period last year.

Last month's trade balance closed with a positive balance of . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?