Brazil soy, iron ore exports slide amid concerns over coronavirus impact

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Brazil soy, iron ore exports slide amid concerns over coronavirus impact
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Brazil's exports of soy and iron ore fell in the first week of February com...

SAO PAULO - Brazil’s exports of soy and iron ore fell in the first week of February compared to a year ago, government data showed on Monday, as traders watched for signs the coronavirus outbreak in China could affect demand for Brazilian commodities.

By contrast, Brazil’s average daily exports of meat and oil rose in the first five working days of February. Castro said he expects to see a drop in commodity prices as a result of coronavirus and possibly volumes as well, but it is difficult to predict the scale and duration of the impact.

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