FAO: Forecast for world soybean supply and demand in 2024/2025, November 8, 2024

Published 2024년 11월 11일

Tridge summary

The forecast for soybean consumption and trade for the 2024/25 period has been slightly revised upwards, with increases in Argentina, Egypt, the Russian Federation, and Ukraine, but this is balanced out by decreases in several other countries. Import forecasts have risen in Argentina, Egypt, and the EU, but export forecasts have been reduced for Brazil. Soybean stock levels for 2024/25 are projected to rise, largely due to revisions in China's forecasts.

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

Original content

Soybean consumption in 2024/25 is slightly higher than the October 2024 forecast, with upward revisions in Argentina, Egypt, the Russian Federation, and Ukraine largely offset by downward revisions in several other countries. Soybean trade in 2024/25 (October/September) is slightly higher than the October 2024 forecast, supported by forecasts for increased imports in Argentina, Egypt, and the EU, while Brazil’s export forecast is downgraded. Soybean stocks in 2024/25 continue ...

Source: Vinanet