Brazil: In the new season the export of soybeans can increase to record high volumes

Analysts from Abiove forecast a record high volume of the export of soybeans in 2018г. – 65 million tonnes, despite of the expected drop of the production by -4.65% to 108.5 million tonnes in 2017 – 2018.

The achieving of record-high  exports is possible due to the good crop and the high demand from China. On the other hand, the high initial stocks for the season will be a buffer at a sharp increase in the demand.
The domestic soybeans processing in Brazil will grow by 1.5 million tonnes compared to 2017 to 43 million tonnes. The demand for soybeans oil for biodiesel production will be high.
upon realization of this forecast, the country will remain a world leader in the soybeans exports.