Brazil expects 151.6Mln tonnes from 2022/23 soybean crop

Datagro’s president, Plinio Nastari, said at the Opening Event for the 2022/23 Soybean, Corn, and Cotton Crop that – by the end of the decade – Brazil may harvest 170 million to 180 million tonnes of corn and 200 million tonnes of soybeans.

Nastari also mentioned that it will only be possible to add value to Brazilian production if the country implements regulations in conformity with internationally-recognized certifications like, for example, Renovabio.

Nastari also paid tribute to former minister Tereza Cristina and the current minister of Agriculture, Marcos Montes, highlighting his contribution to the program’s creation.

2022/23 crop

The president of the Brazilian Vegetable Oil Industries (Abiove), André Nassar, said that the first round of studies conducted with the organization’s associates indicate that the planted area dedicated to the soybean crop will be close to 42 million hectares in 2022/23, with Brazilian output reaching 151 million tonnes.

See below the track record of Brazilian soybean exports from January 2019 to June 2022. The data below was collected by Datamar’s business intelligence team through the DataLiner platform.

Soybean exports from Brazil | January 2019 – June 2022 | WTMT

Source: DataLiner (click here to request a demo)

Thus, in an optimistic scenario, domestic oilseed processing could reach 49.2 million tonnes in 2022/23, according to Nassar.

The representative stated that Brazil will likely export more soy oil this year, indicating that importers’ desire will continue next year.

“The vegetable oil market demonstrated a very strange behavior this year, supporting processing at a time when the government decided to lower the biodiesel blend,” he said.

The Chinese demand for soybean oil in 2023 is yet to be known, but India and Bangladesh are interested in pursuing alternatives to their vegetable oil supply, reported Nassar.

See below the track record of Brazilian soybean oil exports shipped between January 2021 and June 2022. Data are from DataLiner.

Soybean oil exports from Brazil | January 2021 – June 2022 | WTMT

Source: DataLiner (click here to request a demo)

According to the representative, Brazil grew in export markets where it did not have a substantial presence, and many companies associated with Abiove want to consolidate this position.

As for soy bran, Nassar commented on the critical event that was the opening of the Chinese market, albeit stressing that the volume purchase will depend on China’s strategy on the way forward.

“Small Chinese purchases represent a huge volume for our bran exports,” he said.

As for margins, Nassar said 2022 started with good margins, and they have been falling as soybean prices have risen.

The market sector predicts that processing margins will either remain stable or improve next year, “which is favorable for Brazil.”

The president of Aprosoja-SP, Azael Pizzolato Neto, said that the recently-begun harvest will be “very challenging” for producers.

“Despite soybean prices being at record highs, the exchange ratio is quite poor,” he said, noting that soybean farmers need 30 bags to pay for a tonne of potassium chloride. According to the representative, growers would need to manage financial resources and fertilizers wisely in the 2022/23 harvest.

Source: Agrolink

To read the full original article, please go to: https://www.agrolink.com.br/noticias/exportacao-de-ovos-ferteis-permanece-restrita_469695.html

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