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This report presents an overview of Portugal’s soybean and products market. Soybean and soybean product imports to Portugal combined amount on average to nearly 1.4 million metric tons (MT) per year.
Portugal continues to expand its swine sector driven by increasing foreign demand, mainly from Asia.
In 2020, RED II provisions, not yet transposed to Portuguese Law, will increase marketing opportunities for virgin-oil based biofuels.
EU-27+UK chicken meat production is expected to increase slightly again in 2020 driven by both domestic and export demand.
In 2018, U.S. exports of agriculture, fish and forest products to Portugal doubled from the previous year to $358 million.