The ABIOVE report shows that Brazil's soybean production forecast for 2024/25 will be raised to 170.3 million tons, an increase of 600,000 tons from the previous forecast.

The association predicts a soybean crushing capacity of 58.1 million tons, an increase of 300,000 tons from the previous forecast.

The expected soybean meal production is 44.8 million tons, higher than the previous forecast of 44.5 million tons; The expected soybean oil production is 11.65 million tons, slightly higher than the previously predicted 11.6 million tons.

ABIOVE also predicts that Brazil's soybean exports for 2024/25 will be 109.5 million tons, an increase of 500,000 tons from the previous forecast. However, the export forecasts for soybean meal and soybean oil remain unchanged at 23.6 million tons and 1.35 million tons, respectively.

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