US soybean exports have hit a new high
Published by Oliver Kleinschmidt,
Assistant Editor
Dry Bulk,
The United States Department of Agriculture (USDA) has reported net soybean sales of 3 918 400 t for 2023/2024 – a marketing-year high – which was up from the previous week and from the prior four-week average. The increase has been primarily owed to China (2 614 600 t, including 198 000 t switched from unknown destinations and decreases of 5500 t).
Unknown destinations accounted for 721 300 t, the Netherlands accounted for 123 500 t, including 117 000 t switched from unknown destinations. Vietnam was responsible for 72 600 t, including 66 000 t switched from unknown destinations, and Turkey imported 72 300 t, including 66 000 t switched from unknown destinations. This was offset by reductions for Colombia by 1000 t, Barbados 200 t, and Costa Rica 100 t.
Exports of 1 991 300 t were down 11% from the previous week and 7% from the prior four-week average. The primary export destinations were to China 1 221 700 t, the Netherlands 123 500 t, Bangladesh 122 500 t, Mexico 109 100 t, and Vietnam 79 900 t.
Click here for free registration to Dry Bulk
Read the article online at: https://www.drybulkmagazine.com/shipping/20112023/us-soybean-exports-have-hit-a-new-high/
You might also like
Inmarsat Maritime signs agreement with Pacific Basin to install connectivity service on five bulk vessels
Recent real-world tests saw the fully managed service achieve download speeds of up to 330 – 340 megabits per second and upload speeds of up to 70 – 80 Mbps, while network availability on vessels exceeded 99.9%.