The soybean harvest closed with exports worth $4 billion - .::Agencia IP::.

Asunción, Agencia IP.- The export of soybeans and their derivatives contributed approximately $4 billion to Paraguay’s economy at the close of the 2024 harvest, according to the Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Capeco). This year, Paraguay planted 3.65 million hectares of soybeans, including the primary and off-season harvests, achieving a […]

Asunción, Agencia IP.- The export of soybeans and their derivatives contributed approximately $4 billion to Paraguay’s economy at the close of the 2024 harvest, according to the Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Capeco).

This year, Paraguay planted 3.65 million hectares of soybeans, including the primary and off-season harvests, achieving a total production of 11 million tons for the 2023/2024 campaign, based on an average yield of 3,000 kilograms per hectare.

According to Sonia Tomassone, Capeco’s foreign trade advisor, 7.8 million tons of soybeans were exported to Argentina, Brazil, and Russia, the primary destinations, by November.

Currently, Paraguayan soybeans have access to 56 international markets. Capeco has been working to open new markets to mitigate potential challenges in exporting to the European Union due to upcoming regulatory changes.