Cargill projects grain surge in Brazil on record soybean harvest

Published Apr 29, 2025

Tridge summary

Cargill's Brazilian division anticipates a boost in grain and product handling volumes in 2025, driven by a record soybean harvest and favorable weather conditions for corn crop. The company aims to reach or exceed the 51 million tons processed and sold mark, up from 45 million tons in 2024 due to a smaller soybean crop caused by drought. Despite the potential positive impact of the US-China trade war on Brazilian soybean exports, Cargill, along with other global trade players, express concerns over the dispute's broader impact on the global trade system. The company is planning to invest in port terminals and increase biofuels production in Brazil.

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Original content

The Brazilian unit of US grain trader Cargill expects to handle higher volumes of grains and other products in the South American country this year compared to 2024 according to Paulo Sousa, president of Cargill. The optimism expressed by Sousa reflects a record 2025 soybean harvest and beneficial weather for Brazil’s second corn crop, which accounts for about 75% of national corn output in a given year. Sousa said he expects the total volume originated, processed and sold this year in Brazil to equal or exceed the marks of 51 million tons recorded in 2023. This compares to 45 million tons in 2024, when Brazil produced a smaller soybean crop due to drought in key growing regions. Brazil is the world’s largest producer and exporter of the oilseed. Cargill in 2024 had a net loss of 1.7 billion real ($298.83 million) in Brazil, mainly due to exchange rate effects, according to company disclosures. In 2023, Cargill had a record profit of 2.5 billion reais in Brazil. The company, ...

Source: UkrAgroConsult