Brazil: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   BR2023-0007

Contact:

Office of Agricultural Affairs, Brasilia   |   (011-55-61) 3312-7101

Link to report:

Brazil: Oilseeds and Products Annual

Post forecasts that Brazilian producers will expand soybean planted area to reach 45.2 million hectares (ha) in 2023/24 season, up from the estimated 43.5 mn ha planted in the 2022/23 season. Post forecasts 2023/24 soybean production at 159 million metric tons (MMT), up from the estimated 152.5 MMT harvest this season. Soybean expansion is forecast on current market conditions and trends - including strong demand, high prices, and a favorable exchange rate. All these conditions are expected to persist well into the 2023/24 season. Soybean exports are forecast to hit records this season and next at 95 MMT and then 98.1 MMT. Peanut planted area and production are also forecast to rise on the same factors. Cottonseed area and production are forecasted to rise in the 2023/24 season based on the same factors and a rise in global demand.

Western Hemisphere, Brazil
Oilseeds, Soybeans, Oilseeds (excl. soybean)

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Malaysia: Retail Foods

Malaysia’s retail sales are projected to grow to US$1.8 billion in 2023. The Malaysian food and beverage retail market is a competitive landscape and is highly fragmented.
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 3 Issue 11

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: First Quarter U.S. Exports Grow For the First Time in Five Years; Hong Kong’s Economy Can Grow 5.5 percent; Hong Kong Inflation Hits 2.1 percent in April
Attaché Report (GAIN)

Ghana: Ghana Climate Change Report

The impacts of climate change are beginning to manifest on the entire globe and particularly on developing countries like Ghana. The country is vulnerable to rising sea levels, droughts, increasing temperatures and erratic rainfall which adversely impacts infrastructure, hydropower production, food security and coastal and agricultural livelihoods.