{"id":61511,"date":"2024-04-23T11:00:12","date_gmt":"2024-04-23T14:00:12","guid":{"rendered":"https:\/\/safras.com.br\/?p=61511"},"modified":"2024-04-23T11:00:12","modified_gmt":"2024-04-23T14:00:12","slug":"safras-raises-soybean-export-projection-to-96-mln-tons-in-2024","status":"publish","type":"post","link":"https:\/\/safras.com.br\/eng\/safras-raises-soybean-export-projection-to-96-mln-tons-in-2024\/","title":{"rendered":"Safras raises soybean export projection to 96 mln tons in 2024"},"content":{"rendered":"\n<p>Porto Alegre, April 18, 2024 \u2013\u00a0Brazil\u2019s soybean exports are expected to total 96 mln tons in 2024, against 101.86 mln in 2023, down 6%. The forecast is part of the Brazilian supply and demand estimate, released by Safras &amp; Mercado. In the previous report, released in March, the projection was 94 mln tons.<\/p>\n\n\n\n<p>Safras indicates crushing at 54.3 mln tons in 2024 and 53.165 mln tons in 2023. There was no change in the forecast compared to March.<\/p>\n\n\n\n<p>Safras indicates imports of 650 thousand tons in 2024, against 181 thousand tons in 2023.<\/p>\n\n\n\n<p>For the 2024 season, the total supply of soybeans is expected to decrease by 4%, reaching 156.54 mln tons. Total demand is projected by Safras at 153.3 mln tons, falling 4% from the previous year. Therefore, ending stocks are expected to fall by 30%, from 4.641 to 3.237 mln tons.<\/p>\n\n\n\n<p>Safras estimates the soymeal production at 41.75 mln tons in 2024, repeating the previous year. Exports are expected to fall by 7% to 21 mln tons, while domestic consumption is projected at 18.6 mln, falling 6%. Stocks are expected to rise 147% to 3.62 mln tons.<\/p>\n\n\n\n<p>Soyoil production is expected to grow by 1% to 10.96 mln tons. Brazil is expected to export 1.3 mln tons, down 44%. Domestic consumption is expected to rise 12% to 9.65 mln tons. Use for biodiesel is expected to increase 17% to 5.6 mln tons. The forecast is for stocks to rise by 12% to 575 thousand tons.<\/p>\n\n\n\n<p>Copyright 2024 \u2013 Grupo CMA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Porto Alegre, April 18, 2024 \u2013\u00a0Brazil\u2019s soybean exports are expected to total 96 mln tons in 2024, against 101.86 mln in 2023, down 6%. The forecast is part of the Brazilian supply and demand estimate, released by Safras &amp; Mercado. In the previous report, released in March, the projection was 94 mln tons. Safras indicates [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":64061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[111],"tags":[],"commodity":[],"class_list":["post-61511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agribusiness-eng"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Safras raises soybean export projection to 96 mln tons in 2024 - SAFRAS &amp; Market<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Safras raises soybean export projection to 96 mln tons in 2024 - SAFRAS &amp; Market\" \/>\n<meta property=\"og:description\" content=\"Porto Alegre, April 18, 2024 \u2013\u00a0Brazil\u2019s soybean exports are expected to total 96 mln tons in 2024, against 101.86 mln in 2023, down 6%. 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