Soybean

Brazilian Soybean Export

Soybean. The largest producer of grain in the world, soybean production in Brazil supplies its domestic market with edible oil, oil for the production of biodiesel and soybean meal for pig and poultry feed. The 2019/20 Brazilian harvest achieved a production of 124.845 million tons, and more than 90% of the entire 2020 harvest has already been sold.

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Information About the Brazilian Soybean

In 2020, Soybean exports from Brazil are expected to reach 78 million tons, according to forecast by Anec - National Association of Cereal Exporters - which represents a growth of 7.6% in relation to 2019, due to a great demand for countries like China, which defined the Brazilian Soybean as the most advantageous due to the fact that it contains from 2% to 7% more protein in relation to its competitors.

Grain soybean exports from Brazil earned the country US $ 33.2 billion in 2018, 29.2% more than the US $ 25.7 billion of the previous year. The total quantity exported by the country in the period reached 83.3 million tons of Soybean in grain, 23.1% more than the 68.1 million tons of 2017.

Soybean Meal

In terms of soybean meal, the volume exported in 2018 totaled 16.8 million tons, an increase of 19.2% compared to the 14.1 million tons of the previous year. In terms of revenue, Brazil exported US $ 6.7 billion last year, an increase of 34.9% compared to the US $ 4.9 billion the previous year.

Soybean Oil

Separating only soybean oil, Brazil exported 1.3 million tons in 2018, an increase of 9.7% compared to the 1.2 million tons of the previous year. In sales, it was US $ 956.6 million, 4.8% above the US $ 912.9 million of the previous year.