News

Brazil: USDA study points to positive projection of the global agricultural market for the next decade

Soybean
Brazil
Market & Price Trends
Published Apr 15, 2024

Tridge summary

The 'Agricultural Projections to 2033' report by the USDA predicts Brazil will dominate the soybean export market by 2033, capturing a 60.1% share, as shared by Dr. Marcos Fava Neves at the Master Meeting Soja 2024 in Cuiabá-MT. The forecast attributes this growth to Brazil's commitment to sustainable farming practices, including adherence to the Forest Code, regenerative agriculture, and the adoption of bio-inputs. Soybean trade is expected to rise from 168.2 million tons in 2023/24 to 221.6 million tons in 2033/34, with China, the European Union, and Mexico being the primary importers. Additionally, Brazil is set to become a key meat exporter, enhancing its agricultural sector's value.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The study "Agricultural Projections to 2033", by the US Department of Agriculture (USDA), indicates that by 2033, Brazil will be the leader in soybean exports with 60.1% of the market. The data was presented by the Specialist in Agribusiness Strategic Planning, Dr. Marcos Fava Neves in the “Sustainability” panel during the second day of the Master Meeting Soja 2024, held this week in Cuiabá-MT. "Today, Brazil has the most sustainable production in the world. With the presence of the Forest Code, with the presence of regenerative agriculture, the use of bio-inputs, with preservation areas and a set of sustainable demands that producers are already making. This shows that the world can rest assured, because in ten years the country will have, probably, 2/3 of the soy purchased by the planet will come from a single place. Soy that has been produced in a sustainable way with crop rotation", highlighted Doctor Agro. , as Marcos Fava Neves is known. Still according to the research data ...
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