Brazil bolsters soy market position despite Argentina’s competition

Published 2025년 5월 22일

Tridge summary

Brazil is expected to achieve a record soybean harvest of 168.3 million tons in the 2024/25 season, bolstered by strong demand from China. However, rising supply from Argentina and a mismatch between buyer and supplier prices have slowed soybean trade. In April 2025, Brazil exported 15.27 million tons of soybeans, marking the third-largest monthly export on record. Despite challenges like falling international prices and increased competition from Argentina, Brazil maintains a competitive edge due to a favorable real exchange rate and steady demand from China. The government's initiatives to support logistics and exports will be key in maintaining Brazil's competitiveness in the global soybean market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On May 21, 2025, Brazil remains a global leader in soybean production and exports, but a record harvest and rising supply from Argentina are creating new challenges. According to Brazil’s National Supply Company (Conab), the 2024/25 season is expected to yield a record 168.3 mln tons of soybeans, with strong demand from China driving growth in grain and soy by-product exports. Total grain exports are projected to rise by 7.2%, reaching 105.9 mln tons. Despite optimistic forecasts, soybean trade in Brazil has slowed due to a mismatch between buyers’ price expectations and suppliers’ offers, as reported by agribusiness outlet Globo Rural. Researchers from the Center for Advanced Studies on Applied Economics (Cepea) note that buyers are cautious due to falling international prices and lower export premiums in Brazil. This is compounded by a record domestic supply and increasing availability of soybeans from Argentina, reducing the export appeal of Brazilian products. In April 2025, ...

Source: UkrAgroConsult