Record Harvest to Boost Soybean Exports by 7.2%

According to the National Supply Company (Conab), a record soybean harvest and strong Chinese demand are expected to drive growth in Brazil’s soybean and by-product exports in the 2024/25 season. Grain exports are projected to increase by 7.2%, reaching 105.9 million tons.

Exports of soybean meal and oil are also expected to grow by 2.2% each, totaling 23.6 million tons and 1.4 million tons, respectively.

Despite this growth, the record harvest — estimated at 168.3 million tons — will allow soybean stocks to more than triple, reaching 2.9 million tons by the end of the 2024/25 season, compared to 758.2 thousand tons in 2023/24.

Source: Globo Rural

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