Brazil: Oilseeds and Products Annual
Link to report:
Post forecasts that Marketing Year (MY) 2024/25 planted area will expand at a slower growth rate, reaching 45.6 million hectares (ha). Post forecasts MY 2024/25 production at 157.5 million metric tons (MMT), 4.9 MMT more than the revised estimate in MY 2023/24. Due to poor weather in the end of 2023, Post estimates Brazil’s yields to reduce by seven percent compared to MY 2022/23. Exports are forecasted at 99 MMT in MY 2024/25 mostly due to a solid international demand. Post forecasts crush at 55 MMT in 2024/25 considering a higher biofuels blend mandate. Peanuts area and production are also forecasted to grow due to higher margins. Cottonseed area and production should reach record levels as cotton has been offering a higher rentability than corn.
