Brazil: In 2017 – 2018 soybean oil and soybean meal production will be at record high

07 Jun, 2017
Brazil: In 2017 – 2018 soybean oil and soybean meal production will be at record high
According to forecast of Abiove /Brazilian Association of Vegetable Oil Industries/, in 2017 – 2018 soybean processing in the country will be at record highs – 41 mln tonnes, which will lead to all time record high quantities of soybean oil and soybean meal.

Soybean oil production in the country will reach 8.1 million tonnes, and that of soybean meal 31.1 million tonns. The estimate is tied to the renewed forecast for the soybean crop in Brazil in 2016-2017 - 112.5 million tonnes.

Export of soybeans from Brazil in 2017 - 2018 will reach 61.7 million tonnes and the ending stocks  - 11.1 million tonnes.