Brazil: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   BR2024-0044

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

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Brazil: Oilseeds and Products Update
Post increased the 2024/25 forecast for soybean planted area expansion in Brazil to 47 million hectares (HA) and soybean production to 165 million metric tons (MMT). This season sowing began optimistically, with most soybeans planted on time compared to last year. Post revised up its soybean export estimate for 2024/25 to 105 MMT, a new record. Post maintains the 2022/23 harvested area estimate at 45.8 million ha and the production estimate at 152 MMT. Post revised up the 2024/25 crush forecast to 56 MMT based on available supplies and increased demand for soybean products.
Western Hemisphere, Brazil
Oilseeds, Soybeans

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