INSUBCONTINENT EXCLUSIVE:
of the 557,130 tons previously exported, only 473,617 tons were shipped, indicating deeper economic and logistical challenges in
agriculture.Moreover, adverse weather conditions primarily caused a significant decline in maize production, reports Capeco.As a result, the
production shortfall was considerable, with about 1.4 million tons less than the previous year.Additionally, international maize prices fell
sharply, further reducing export revenue
Specifically, the average price per ton plunged from $243 to $183.Furthermore, logistical obstacles compounded the issues
Low river levels and border delays from Brazilian agricultural strikes worsened export challenges.These disruptions struck at a crucial
(Photo Internet reproduction)Subsequently, the reduction in maize exports severely affected the inflow of foreign currency, vital for
2023.This remarkable increase was reported by the Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Capeco).Between
January and June, Paraguay exported 5,478.6 tonnes of soybeans, a significant rise from 3,782.7 tonnes in the first half of 2023
This uptick represents a positive change of 1,695.9 tonnes.Financially, this growth translated into a 4.6% revenue increase, reaching
credited the revenue boost to higher international soybean prices in June.
