Abiove maintains soybean harvest forecast and increases exports of meal and oil from Brazil
Published Feb 12, 2025
Tridge summary
Brazil's soybean processing is projected to reach 57.5 million tons in 2025, an increase of 400,000 tons from the January forecast, according to the Brazilian Association of Vegetable Oil Industries. This increase is attributed to higher exports of soybean meal and oil, with soybean meal exports expected to rise to 23.6 million tons and soybean oil exports to reach 1.1 million tons. However, the soybean harvest projection for 2025 remains stable at 171.7 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
SÃO PAULO (Reuters) - Brazil will process more soybeans than expected this year, boosted by higher exports of soybean meal and oil, a monthly survey by the Brazilian Association of Vegetable Oil Industries (Abiove) showed on Wednesday. Soybean processing in the country was forecast at 57.5 million tons in 2025, 400,000 tons above the January forecast, according to the association that brings together traders and processors. Brazil's soybean meal exports were forecast at 23.6 million tons this year, up from the 22.9 million tons forecast in January. Brazil's soybean oil exports were estimated ...
Source: NoticiasAgricolas
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