Brazil: Oilseeds and Products Update

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, Brasilia   |   (011-55-61) 3312-7101

A record Brazilian soybean crop of 101 million metric tons (mmt) is forecast for the 2016/17 Marketing Year (MY) as a result of a slight increase in planted area. Brazil is forecast to have the slowest area growth in the last five years, attributed to a higher expected cost of production, tight credit policies, higher interest rates, the economic downturn, and soybean areas shifting back to full-season corn. Crush for the 2016/17 MY is forecast at 41 mmt to meet the increased biodiesel mandate and demands from the animal feed sector. Post forecasts exports at a record of 57 mmt for 2016/17 MY due to the weaker Brazilian Real and higher Chinese demand. 

Brazil: Oilseeds and Products Update

Western Hemisphere, Brazil
Biofuels, Oilseeds, Soybeans

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