Soybean Oil Production In Brazil Will Jump By 0.5 Mln Tons In 2017

20 Feb, 2017
Soybean Oil Production In Brazil Will Jump By 0.5 Mln Tons In 2017
Oil World projected 8.28 mln tons of soybean oil produced in Brazil in 2017 or 0.51-million-ton growth versus 2016.

Soybean processing in Brazil will reach record 41.7 mln tons (+2.6 mln tons).

Soybean oil export will be 1.58 mln tons (1.25) while domestic consumption will be 6.74 mln tons (6.4). The amount of soybean oil used for biodiesel production will be 2.85 mln tons (+0.3).

Soybean oil ending stocks in the country remain unchanged at 425,000 tons.