Brazil’s soybean meal exports in 2024 will probably set a new record, topping the best mark in history recorded in 2023, according to local grains traders lobby Anec.
In 2023/24, Brazil should once again be the second global exporter of soybean meal, according to data from the US Department of Agriculture (USDA), as it had taken the lead in 2022/23 after a crop failure in Argentina, traditionally the largest exporter.
Brazil is also the leader in foreign sales and production of soybeans.
From January to November, Brazil is expected to export 21.12 million tons of soybean meal, while last year shipments totaled 22.35 million tons, according to Anec figures.
To surpass 2023, therefore, soybean meal exports would need to total just over 1.23 million tons in December, which is very likely since Brazil has exported more than that every month of 2024 so far.
