ANEC forecasts a 10 mln ton reduction in Brazilian soybean exports to China
Brazil’s national grain exporters association, ANEC, stated earlier this month that due to increased competition from the United States, Brazilian soybean exports to China are expected to decline by 10 million tons year-on-year to 77 million tons from 87 million tons in 2025.
While increased competition in the United States may partially offset this impact, stable demand and supply shortages are expected to further push up prices.
ANEC expects the reduction in soybean supplies to increase soybean meal production costs in China, which could lead to higher spot prices. Analysts predict that the expected export decline will exacerbate the future supply shortage and support an upward trend in futures prices. The supply shortfall will also impact soybean oil production.
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