Global soybean consumption will reach a record 430 mln tons

in the rapidly expanding food production sector in Asia, according to a report dated October 31. Despite good harvests, global soybean supply remains limited, and consumption is growing faster than production, leading to a decline in stocks for the first time in several years. IGC forecasts global soybean production at 428 million tonnes. Global soybean trade continues to be buoyant. Total international trade is estimated at 187 million tonnes, 3 million tonnes higher than last year. According to research by Agrarmarkt Informations-Gesellschaft, global soybean ending stocks are forecast at 120 million tonnes, 3.5 million tonnes lower than last season. South America is seeing a particularly tight supply due to strong late-season exports. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is ...