BIMCO’s SNOW: Brazil kicks of soya been export season with a 40.1% drop
Brazilian exports of soya beans disappointed in February, the first month of its export season. Exports reached just 2.9m tonnes, representing a 40.1% drop compared with the first month in the last season when exports totalled 4.8 million tonnes.
The start to the 2021 season has thereby been the slowest since 2018, which was before tariffs were imposed on Chinese imports of US soya beans, offering a boost to soya...