Abiove Raises 2025 Revenue Forecast for Soy Complex Exports
May, 20, 2025 Posted by Denise VileraWeek 202521
According to a report released this Monday, the Brazilian Association of Vegetable Oil Industries (Abiove) has made only minor adjustments to its 2025 projections for Brazil’s soybean crop and export volumes but raised its revenue forecast, reflecting higher prices.
Abiove estimates revenue from soybean complex exports (including soybeans, meal, and oil) to be US$ 54.4 billion, 3% higher than the April projection.
The upward revision is mainly due to price adjustments for soybeans and soybean oil. With this change, Abiove expects higher export revenues in 2025 than in 2024, when the sector’s shipments totaled US$53.9 billion.
Slight Revision in Export Volumes
In terms of volume, soybean exports were slightly revised to 108.2 million tonnes, compared to 108.5 million tonnes in April’s forecast.
Abiove also increased Brazil’s soybean production estimate by 100,000 tonnes, now projecting a harvest of 169.7 million tonnes, already completed.
Source: Forbes
-
Other Cargo
Dec, 05, 2022
0
China demand may spur Brazil bean, pea exports
-
Meat
Apr, 13, 2021
0
Brazil authorized to export fresh eggs to Argentina and Chile
-
Other Cargo
Dec, 22, 2022
0
Exports of Chilean walnuts and almonds to Brazil grow
-
Ports and Terminals
Mar, 10, 2021
0
Imports at Parana ports rise 12% in 2021 whilst exports fall by same percentage