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  1. Brazil is the largest producer of grain in the world, and soybean production in Brazil supplies its domestic market with edible oil, oil for the production of biodiesel and soybean meal for pig and poultry feed1. In 2022/23, production of soybean oil in Brazil was expected to reach nearly 10 million metric tons, an increase of around two percent in comparison to the previous year2. Soybean oil consumption in Brazil increased by over 40 percent in one decade, estimated at 7.8 million metric tons in 2022/233. Soybean oil is used for biodiesel production in Brazil3.
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    The largest producer of grain in the world, soybean production in Brazil supplies its domestic market with edible oil, oil for the production of biodiesel and soybean meal for pig and poultry feed. The 2019/20 Brazilian harvest achieved a production of 124.845 million tons, and more than 90% of the entire 2020 harvest has already been sold.

    Soybean | Brazilian Soybean | Brazil for B…

    www.braziliansoybean.com.br/en/soybean
    In 2022/23, production of soybean oil in Brazil was expected to reach nearly 10 million metric tons, an increase of around two percent in comparison to the previous year. This would also be the highest figure reported in the indicated period.

    Soybean oil production in Brazil 2023 | St…

    www.statista.com/statistics/999492/brazil-soybea…
    Soybean oil consumption in Brazil increased by over 40 percent in one decade, estimated at 7.8 million metric tons in 2022/23. That same year, production of soybean oil in the country was forecast at nearly 10 million tons. In Brazil, soybean oil is, amongst others, used for biodiesel production.

    Soybean oil consumption in Brazil 2023 | …

    www.statista.com/statistics/1006428/soybean-oil-c…
     
  2. People also ask
    What are Brazil's soybean oil forecasts for 2023?
    Latest estimates for Brazil’s Soybean Oil sales stood at 2.4 million mt, up from 0.1 million mt in the June forecast. The country’s Soybean production and exports were also projected to hit a new record high in the 2023 campaign.

    Brazilian Soybean Oil: FOB Paranagua for August - AgFlow

    agflow.com
    Which countries export soybean oil from Brazil?
    The leading destination of Soybean Oil exports from Brazil is India ($776 million), China ($473 million), Bangladesh ($202 million), Venezuela ($189 million), and Iran ($95.8 million). The fastest-growing export markets for Soybean Oil in Brazil between 2020 and 2021 were India ($528 million), China ($340 million), and Venezuela ($95.9 million).

    Brazilian Soybean Oil: FOB Paranagua for August - AgFlow

    agflow.com
    What are Brazil's soybean sales?
    Brazil’s Soybean meal sales were pegged at 22 million mt, up from 21.9 million mt in June estimates. This was up 8.05% yearly from 20.36 million mt in 2022. Latest estimates for Brazil’s Soybean Oil sales stood at 2.4 million mt, up from 0.1 million mt in the June forecast.

    Brazilian Soybean Oil: FOB Paranagua for August - AgFlow

    agflow.com
    How much soybean oil does Brazil export in 2021?
    In 2021, Brazil exported $2.06B in Soybean Oil. The main destinations of Brazil exports on Soybean Oil were India ($776M), China ($473M), Bangladesh ($202M), Venezuela ($189M), and Iran ($95.8M).

    Soybean Oil in Brazil | The Observatory of Economic Complexity

    oec.world
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  3. agflow.com
    https://www.agflow.com/agricultural-markets-news/...

    Brazilian Soybean Oil: FOB Paranagua for August - AgFlow

     
  4. spglobal.com
    https://www.spglobal.com/commodityinsights/en/...

    Brazil's soybean oil export values surge to 20-month high

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