The Brazilian Association of Vegetable Oil Industries has released updated crop predictions for 2023, as well as monthly figures for the soy complex in June. The data shows that the current soybean harvest is likely to reach 157 million tons, up 500 thousand tons over the previous month’s prediction. Likewise, processed soybean reached 23.8 million tons between January and June 2023. In turn, June saw a 2.3% decrease compared to May 2023 and a 7.9% rise compared to June 2022.
Source: Abiove/ Notícias Agrícolas (*Translated by Ia Niani)