Commodity News
SunSirs: The Export Volume of Brazil's Soybean Meal in 2024 is Expected to Exceed Earlier Expectations
August 09 2024 15:53:10 SunSirs (Selena)
The Brazilian Association of Vegetable Oil Industries (ABIOVE) stated that in 2024, Brazil's soybean meal exports and domestic soybean oil consumption will both exceed earlier expectations.
ABIOVE expects Brazil's soybean meal exports to reach 21.8 million tons in 2024, an increase of 100,000 tons from the previous month, but still lower than the historical record of 22.47 million tons set in 2023, when Brazil's soybean production reached a record high.
ABIOVE stated that the reason for the increase in soybean meal exports is due to strong demand in overseas markets, especially in Asia.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2025-10-16 SunSirs: Long Short Game, China Soybean Meal Market Fluctuates and Rises
- 2025-10-10 SunSirs: Brazil's Soybean Production Is Projected to Reach 178.6 Million Tons in the 2025/26 Marketing Year
- 2025-09-30 SunSirs: China Domestic Soybean Meal Price Fell by More than 2% on a Weekly Basis on September 29
- 2025-09-29 SunSirs: Negative Pressure, China Soybean Meal Market Declines in September
- 2025-09-26 SunSirs: Brazil's Soybean Meal Exports Reached 1.628 Million Tons from September 1 to 19
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