Global soybean exports in the second half of the season may decline

Oil World analysts predict that global exports of Soybean decreases to 2021 million tonnes in the second half of 22/83,94 (March-August) compared to 91,9 million tonnes in the same period last year, reflecting a significant drop in oilseed exports from South America.

In particular, experts predict that in March-August 2022 the volume of soybean exports from the countries of this region may decrease by 16,2 million tons compared to last year's level to 64,5 million tons, while Brazil's oilseed exports will increase to 60,1 ( 70) million tons can reduce.

At the same time, it is noted that the importers' dependence on soy from the USA will increase, allowing US oil exports to almost double during this period, equivalent to 16,7 million tons, compared to 8,2 million tons in March-August 2021.

In total, in the current season, world exports of soybeans may amount to 156,4 million tons, which is lower than in the 2020/21 season (165,3 million tons). Specifically, they could USA Export 58,5 million tons (61,8 million tons in 2020/21) and Brazil 82,2 (81,1) million tons.

All news