IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

USDA forecasts growth for Brazil in soybeans

Brazil will be one of the leading producers and exporters of soybeans in the next decade, according to long-term projections released on Monday by the USDA. Soybeans are now Brazil's leading commodity in both gross value of agricultural production and exports.

According to the USDA, Brazil's soybean exports will total 63.8 million tons in 2022/23, almost 76% more than in 2011/12 (36.3 million). This study in particular forecasts Brazilian exports in this 2012/13 harvest being taken in, at 37.4 million tons, but in other forecasts, such as its monthly supply and demand report on grains, released on Friday, the USDA stated 38.4 million tons.

Brazil's share of global soybean exports in 2022/23, estimated at 144.3 million tons, will be 44.2%. In 2011/12, with 89.3 million tons, it was 40.6%. The USDA has forecast a fall in the Brazil's share of global exports of soybean meal (from 24.9% in 2011/12 to 22.9% in 2022/23) and soybean oil (from 22.4% to 22.2% in the same period).

Information provided by Valor Econômico

 

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO193938

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel