Aug 18, 2010
Soybean's Share of Mato Grosso Exports Decreases in 2010
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
During the first six months of 2010, the value of agricultural exports shipped out of the state of Mato Grosso fell 10% compared to the same period in 2009 and 12% compared to 2008. In fact, the value of June's exports was the lowest in three years. The principal reason for the decline was the reduced volume and lower prices paid for soybeans, soybean meal, and soybean oil, which accounts for 70% of the state's exports.
The total sales volume of soybeans and soybean products fell 2.8% during the first half of 2010 compared to 2009. In 2009, soybeans accounted for 61% of the total sales volume of agricultural products in the state and that fe3ll to 53% of the total volume in 2010.
The second biggest component of Mato Grosso's exports are the meats including beef, poultry, and pork. While soybean values are down, the value of the meat exports continues to increase. Beef exports from the state increased 53% in volume and 58% in value year on year. Poultry exports increased 34% in volume and value and pork exports increased 33% in volume and value during the same period.
The number one destination for agricultural products from the state remains China accounting for 37% of the total followed by Holland, which accounts for 10% of the total.
The majority of products moving into the state are also associated with agriculture. Of the Brazilian imports moving into the state, agricultural inputs account for 60% of the total. Fertilizers lead the way especially potassium imports, which increased 16% in 2010.