login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Brazil Targets Record Soybean Output in 2024/25: Celeres

2 Dec 2024 9:09 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 02 Dec (Commoditiescontrol): Brazil is set to achieve a record soybean production of 170.8 million tons in the 2024/25 season, supported by favorable weather conditions and enhanced use of quality inputs, according to agribusiness consultancy Celeres. This estimate reflects a nearly 1 million-ton increase over previous forecasts, driven by an expansion in the country’s soy cultivation area.

Soybean exports are projected at 107 million tons, underscoring Brazil’s critical role in global supply chains. Last season’s production stood at 154.5 million tons, reaffirming Brazil's position as the world’s largest soybean producer and exporter, with China as its top buyer.

Celeres’ forecast aligns closely with Agroconsult’s estimate of 172.2 million tons, indicating strong market optimism for a bumper crop. The consultancy highlighted that early-season droughts in October delayed planting; however, improved weather in November accelerated sowing, with activity 13% higher compared to the same period last year.

A timely harvest will also boost Brazil’s second-corn crop, which follows soybean planting on the same fields, further enhancing the country’s agricultural output.

The expected bumper crop is likely to maintain downward pressure on global soybean prices, while peak-season freight costs could rise amid heightened export activity.

(By Commoditiescontrol Bureau; +91-9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
CBOT Soyoil Futures Surge on Tightening Supply and Pre-...
CBOT Close - 08 Feb 2025
COCONUT PRICES : 07 Feb 2025
Castor Seed Prices Rise Amid Supply Concerns in Gujarat...
Peanut Arrivals Decline in Saurashtra, Prices Show Mode...
more
Top 5 News
Mumbai Pulse Market: Tur, Urad & Chana Prices Show Uptr...
Cotton Prices Rise in North India Due to Increased Spin...
Solapur Pulse Market Holds Steady
MCX Cotton Stock Position Location Wise - 07 Feb 2025
Oil Gains on Sanctions but Logs Weekly Decline Amid Tra...
Top 5 Special Reports
CFTC Data: Speculators Cut Soybean Meal Shorts as Deman...
CFTC Report: Diverging Bets in Soybean Oil Futures as ...
EDIBLE OILS PORT STOCK AS ON : 03 Feb 2025
USDA Weekly Export Sales: Upland Cotton Sales Decline, ...
USDA Weekly Export Sales: Soybean Meal Hits Marketing-Y...
Copyright © CC Commodity Info Services LLP. All rights reserved.