Reduction in global oilseed production forecast

Published 2024년 3월 11일

Tridge summary

The 2023/2024 season is expected to see a decrease in global soybean production due to lower yields in Brazil and South Africa, attributed to poor harvests and unfavorable weather. Brazil's production is predicted to drop by 1.0 million tonnes and South Africa's by 0.4 million tonnes. Despite this, there is an increase in global soybean exports by 3.0 million tonnes, driven by increased supplies from Brazil and Ukraine. Additionally, soybean imports have risen due to higher demand in China. However, the global soybean ending stocks have seen a decrease by 1.8 million tonnes.

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

Original content

Sunflower seed production has been reduced due to lower production in South Africa. Rapeseed production increased due to increased production in India, Russia and Ukraine. Global soybean production was reduced by 1.4 million tonnes due to lower production in Brazil and South Africa. Global soybean market Global soybean supply and demand forecasts for 2023/2024 include lower starting stocks, lower production, lower throughput, higher exports and lower ending stocks compared to last month. Global soybean production in the 2023/2024 season will be reduced due to lower production in Brazil and South Africa. Soybean production in Brazil was reduced by 1.0 million tonnes to 155 million tonnes due to harvest results in Parana and poor weather conditions in São Paulo, offset by favorable conditions in the north and Rio Grande do Sul. South Africa's soybean production has been cut from 0.4 million to 2.1 million tonnes due to lower yield prospects. Global crushing is lower for Brazil and ...

Source: Farmer.pl