Brazil’s soybean harvest for the 2024/25 cycle is progressing rapidly, with an anticipated record yield of 167 million tonnes, driven by favorable weather and expanded planted areas. Despite a 22% drop in international soybean prices, the weaker real boosted local revenues. Grain production is expected to reach 322.53 million tonnes, with 100–104 million tonnes of soybeans slated for export. The biodiesel market will expand with a 15% blend starting March 2025. Livestock GDP rose 15% in income in early 2024, but agribusiness GDP saw a slight decline, attributed to falling prices. Projections for 2025 signal recovery in grain and livestock sectors. However, operating margins in grains like soybeans and corn are expected to drop, while coffee margins remain strong. Higher interest rates and credit restrictions are pressuring producers to find alternative financing options.
Source: Valor Internacional / Datamar News
AGRIBUSINESS SEES MIXED OUTLOOK: GRAINS RISE, LIVESTOCK PROFITS REBOUND
Published On - 22 de November de 2024