INSUBCONTINENT EXCLUSIVE:
The Paraguayan Chamber of Cereal and Oilseed Producers and Exporters (Capeco) released a report on Tuesday detailing the growth
Soybean shipments reached 7.9 million tons in 2024, up from 6.4 million tons in 2023.Despite the volume increase, foreign exchange earnings
earnings.Argentina emerged as the top destination for Paraguayan soybeans in 2024
It accounted for 84% of total exports
Brazil claimed the second spot with a 10% share, while Russia ranked third with 3%.Paraguay Soybean Exports Jump 23% in 2024, Revenue Drops
However, the decline in revenue highlights the challenges faced by commodity-dependent economies
Yet, the revenue drop underscores the need for diversification and value-added strategies.The shift in export destinations also reveals
changing global trade dynamics
This trend may influence future agricultural policies and trade agreements in South America.Paraguay Soybean Exports Jump 23% in 2024,
