Paraguay is now the worlds third largest exporter of soybeans
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Paraguay ranks as the third largest exporter of soybeans this season, with an export volume of 5.8 million tons, according to the latest supply and demand of the United States Department of Agriculture (USDA), productivasa.com.py as replicated by the local Paraguay website.
Upon completion crops, n Argentina, Brazil, Uruguay, Bolivia and Paraguay, the Southern Cone of America will produce a total of 168 million tonnes, almost 30 million tonnes less than the production ceiling reached in this region in the 2016/2017 campaign.
Globally, the USDA projected soybean production at 334.81 million tonnes, below the 340.86 million expected in March of this year.