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Brazil's soybean exports in 2022 are expected to set a new record

 Last Update: 2021-09-11
 Source: Internet
 Author: User

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Brazil's "Agricultural Channel" reported on August 11 that the Brazilian Vegetable Oil Industry Association (Abiove) estimated that Brazil's soybean production will be 137.
5 million tons from 2020 to 2021
.
Abiove also predicts that in 2021, Brazil is expected to export 86.
7 million tons of soybeans, domestic crush 46.
5 million tons, ending stocks of 4.
164 million tons, and imports of 400,000 tons
.
Data show that Brazil exported 82.
973 million tons of soybeans in 2020, domestic crushed 46.
845 million tons, ending stocks of 2.
91 million tons, and imports of 822,000 tons
.

"Successful Agriculture" reported on August 13 that the report released on Friday by the agricultural consulting agency Safras & Mercado predicted that Brazil is expected to export 86 million tons of soybeans in 2021, and it is expected to increase to 90 million tons in 2022, setting a new record again
.
Safras & Mercado also predicts that Brazil's domestic soybean crush is expected to be 46.
7 million tons in 2021, and it is expected to increase to 48.
5 million tons in 2022
.
In view of the sufficient supply in the domestic market, it is estimated that 400,000 tons of soybeans will be imported in 2022, down 53% year-on-year
.
Affected by the favorable price, Brazil's soybean planting area next year is expected to increase by 5% year-on-year, achieving a production of 147.
41 million tons
.

Brazil's vegetable oil soybean exports

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