Brazil may export 100 million tons of soybeans in 2021, says Agroconsult

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Brazil may export 100 million tons of soybeans in 2021, predicts the director of Agroconsult, André Pessôa, during the fifth edition of the Aprosoja / MS Circuit, held by the Association of Soy and Corn Producers of Mato Grosso do Sul, which in this year, it took place online.

According to the market analyst and director of the consultancy, after several crises that affected the food supply, the expectation was that the country’s soy consumption would take more time to return to historical levels.

“The expectation is that it would take 2 to 3 years for the Chinese market to resume soy consumption, but what we saw is that this recovery was faster. The Chinese government managed to revert, even with the importation of live animals and, above all, that traditional pig culture, was replaced by a modern pig culture, consuming soybean meal and corn. This led us to a new record of 98 million tons of soybeans for 2021 ”, says Pessôa

The president of Aprosoja / MS, André Dobashi, confirms the advance in Brazilian domestic demand.

“We will have an increase in this consumption in Mato Grosso do Sul. Major projects under development, linked to swine and fish farming are advancing, in São Gabriel do Oeste, Rio Verde de MT, Itaporã and Selvíria, in addition to the prospects for other investments for corn consumption , heating demand, ”he says.

The exchange rate for next year, according to the Central Bank report, will not be less than R $ 5 per dollar. “This means that we will maintain the devaluation of the Brazilian currency and we will have an interest rate that we never live with. Living in a more favorable situation, with relatively low interest rates ”, says Pessôa.

He points out that current soybean prices are extraordinary even with a certain respite in the trade war between China and the United States.

“In the Port of Paranaguá, it reaches over R $ 140 and also prizes, which are not even a record, but even with the cooling of the trade war, we have a significant prize, this shows high international demand. Brazil should lose little of its competitiveness to American soybeans, which should be resumed in mid-January 2021, adds the leader of Agroconsult.

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