According to Safras & Mercado, soybean planting has progressed in Brazil with the return of rains, and a record harvest of over 172 million tons is projected. Soybean exports are projected to reach 107 million tons in 2025, up 10% from 2024. In 2025, the anticipated crush is 55.5 million tons, with imports remaining 150 thousand tons. Demand for soybeans is predicted to rise 7% to 166 million tons, while total supply is forecast to rise 11% to 175.22 million tons. The final stockpiles will increase by 181%. With 13% predicted growth in the oil used in biodiesel, soybean oil and soybean meal output should likewise climb.
Source: Safras & Mercado / Notícias Agrícolas (*Translated by Ia Niani)
SOYBEAN EXPORTS FROM BRAZIL SET TO SOAR BY 10% IN 2025
Published On - 24 de October de 2024