Brazil’s soybean export demand set to soar


A slow start to Brazil’s soybean harvest has suppressed exports early in 2023, but a record harvest is expected to boost Atlantic bulker demand.

According to Filipe Gouveia, Shipping Analyst at Bimco, heavy rain has kept Brazil’s soybean export volumes low in the first two months of 2023, but the country expects a record soybean harvest which will bring higher exports in a shorter time span.

Heavy rain slows exports of grains and oilseeds in Brazil both by delaying harvest operations and by affecting roads in some agricultural regions, roads which can become impassable to large trucks due to mud or are simply washed away. sea shipping

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