Paraguay Q1 soybean crush rate up 10.3% year-on-year

02.05.2018

Paraguay crushed 872,321 mt of soybeans during the first quarter of 2018, up 10.3% compared to the same quarter of 2017, data from the country’s grain and oilseed crushing company Cappro showed.

In January, local firms crushed a total of 213,401 mt of soybean, while February recorded a crushing activity of 289,631 mt. In March, companies crushed 369,290 mt of soybean, according to the data.

Paraguayan crushing firms had crushed a total of 3.67 million mt of soybean in 2017, slightly up compared to 3.62 million mt the previous year.

As of March 31, Paraguay exported a total of 145,361 mt of soy oil with soy meal exports amounting to 538,776 mt over the same period.

In 2017, soy oil and soy meal exports reached 679,729 mt and 2.83 million mt respectively.

Local crushing firms had an installed capacity to crush 4.5 million mt of oilseeds per year.

Paraguay’s soybean production for the 2017/18 season is expected to reach 9.5 millon mt, down from 10.3 million mt in the 2016/17 season, according to the latest available statistics from Paraguay’s grains and oilseeds traders' association Capeco.

The chamber said that the planted area is expected to be 3.4 million hectares this crop season, slightly above the 3.38 millon hectares in the previous season, with the yield falling to just under 2.8 mt/ha, down from 3.05 mt/ha the year before.

In the corn segment, Capeco expects total production to reach 4.1 million mt in the current crop cycle, down compared to 4.5 million mt in the 2016/17 crop.

The total area planted is expected to fall to 750,000 hectares, from 1 million hectares, with the yield totalling 5.5 mt/ha, up compared to 4.5 mt/ha the previous year.


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