Brazil forecasts higher soybean oil production in 2027
ABIOVE projects 13.27 million tonnes of oil and soybean crushing of 66 million tonnes.
ABIOVE’s projections reported on October 22 put Brazilian soybean oil production at 13.27 million tonnes in 2027, compared with 12.8 million forecast for 2026. Soybean crushing would rise from 63.6 to 66 million tonnes.
The association forecasts oil exports of 1.9 million tonnes in 2027 and 1.95 million in 2026. These are estimates, not observed results. Demand for derivatives used in food and biofuels accompanies the expected expansion in processing.