Analysts forecast record production and exports of Brazilian soybeans
Brazil’s soybean harvest in 2024/25 will be a record 172.2 million tons, consultancy Agrocounsult forecasts, higher than the expectations of state agency Conab, which earlier in November announced a 2024/25 crop forecast of 166.1 million tons.
If Agrocounsult’s forecast is confirmed, the figure would exceed the historical high of 162.4 million tons of the 2022/23 season and would be 10.7% higher than the 2023/24 season with unfavorable weather conditions.
At an event in Sao Paulo, Agroconsult estimated Brazil’s soybean acreage in the current season at 47.5 million hectares, up 1.5% from the previous season, Reuters writes.
Agroconsult head Andre Pessoa said the soybean crop estimate could be revised upward, citing very favorable planting conditions in Brazilian states such as Mato Grosso and Goias.
Brazil’s soybean exports could also break the 2023 record. Exports are expected to reach 103.4 million tons in 2025 against 98.2 million tons expected this year.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Join agri leaders of the Black Sea & Danube region at the 22 International Co...
Poland Builds a Record Grain Stash to Safeguard Food Supplies
Ukrainian grain exports almost reached 18 mln tons
Rapeseed market in Poland is moving according to MATIF
Turkey announces tender for sale of durum wheat
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon