Production is to be 6 percent. higher than in the previous season
With a large harvest available for the 2024/2025 season, global soybean stocks are building solidly, including gains for key exporters. Although trading is expected to decline slightly, volumes will be well above average. In conjunction with record harvests from major suppliers, production peaks at 415 million tonnes (+6%) year-on-year, with utilization and reserves also remaining at the highest level. Trade in larger export supplies is expected to increase by 3%. year on year, with an expected increase in demand from China, Europe and Africa. The U.S. and Brazil are expected to export more during their respective local marketing seasons.
