![]() ![]() Soybean oil production was estimated at 10.8 million mt, a 100,000 mt increase from June's projections.īrazil is traditionally the world's largest producer and exporter of soybean. Meal production was estimated at 41 million mt, up 300,000 mt from the previous evaluation. The supply projections for Brazil's soybean derivatives also showed a slight increase. "The export of soybeans in grain grows from 97 million mt measured in the previous projection to 97.5 million mt in the current balance sheet." "The international market will continue to increase the demand for products from the Brazilian soy complex this year," Abiove said in its statement. Soybean production in the current harvest was estimated to reach 156.5 million mt, an increase of 500,000 mt compared with last month's projections. The country's soybean production and exports were also projected to hit a new record high in the 2023 campaign. Latest estimates for Brazil's soybean oil sales stood at 2.4 million mt, up from 0.1 million mt in the June forecast. This was up 8.05% year on year from 20.36 million mt in 2022. Sales of Brazil's soybean meal were pegged at 22 million mt, up from 21.9 million mt in June estimates. ![]() Projections for exports of soybean oil and meal derivative in 2023 were also increased from June's estimates. In the 2022 campaign, raw bean crushing stood at 50.932 million mt. Receive daily email alerts, subscriber notes & personalize your experience. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |