Brazil sets new soybean export record — over 102 million tons by the end of October

Brazil — the world’s largest producer and supplier — was set in 2023 at 101.3 million tonnes, according to Anec. In addition to a record soybean harvest of more than 170 million tonnes in 2025, Brazilian farmers are benefiting from strong demand from China, which is locked in a trade war with the United States. “China remains the main destination and driving force for Brazilian soybean exports,” Anec said. According to the association, in September, China imported 6.5 million tons of soybeans from Brazil, accounting for 93% of total exports — a historically high share in the country’s supply structure. Overall, China provides 79.9% of Brazilian soybean exports in 2025, while in 2021-2024 this figure was 74%, and in 2024 — 76%. In its first monthly report for October, Anec forecasts exports of 7.12 million tons of soybeans, which is almost 2.7 million tons more than in the same month last year. At the end of the year, Brazil is expected to export 110 million tons of soybeans. ...