Abiove maintains an estimate of 153,2 million tons for soybean production in 2024

According to the data collected, the entity's projections for the current cycle have undergone few changes. The expectation of soybean grain production remains maintained at 153,2 million/t, as well as that of crushing at 54,5 million/t. Soybean meal production remains estimated at 41,7 million/t and oil at 11 million/t.

Domestic oil consumption increased slightly (200 thousand/t), going from 9,7 million/t to the current 9,9 million/t.

Monthly Processing

Processing in June was 4,2 million/t, a drop of 1,6% compared to May 2024 and a drop of 5,5% compared to June 2023, when adjusted by the sample percentage of 90,6 %.

Foreign trade

Export volumes are forecast at: 97,8 million/t of soybeans, 1,15 million/t of soybean oil and 21,8 million/t of bran (+100 thousand/t in relation to the previous survey) . Revenues from exports of soy complex products are estimated at US$51,9 billion in 2024.