Exports of soybeans from Brazil reached a record level in July, with revenue totaling nearly 5 billion US dollars.

Secex data indicate that from July 1 to 31, 2024, soybean exports from Brazil reached 11.25 million tons, which is 16% higher than the 9.7 million tons in July of the previous year.

The average daily volume of soybean exports in July was 489,129 tons, exceeding the same period last year by 16%.

Revenue from soybean exports in July reached 4.99 billion US dollars, compared to 4.74 billion US dollars in July of the previous year.

The average export price of soybeans in July was 443.3 US dollars per ton, which is 9.3% lower than the same period last year.

In June, soybean exports from Brazil totaled 13.95 million tons, exceeding last year's figure by 1.5%.

In May, Brazil exported 13.45 million tons of soybeans, which is 13.7% less than in the same period last year.