Brazil: Iron ore exports in Oct'21 fall marginally, y-o-y

Brazil's iron ore export volumes have fallen in Oct'21. According to Brazil customs, export volumes stood at 30.86 mn t in Oct, down 1% on the year compared to 31.12 mn t in Oct'20. However, on a monthly basis, exports decreased by 8% as against Sep. The average price of iron ore exported from Brazil in Oct stood at $103.9/t on FOB basis.