The Brazilian Association of Vegetable Oil Industries (ABIOVE) has updated its statistics for the soybean complex, raising its projections for 2026. The new report indicates that Brazil should reach a record level of domestic crushing, driven by a robust harvest and growing demand for derivatives. Estimates for 2026 have been revised upwards compared to the previous survey, with soybean processing in the country expected to reach 62.5 million tons. This increase in industrial activity is directly reflected in the supply of higher value-added products, with soybean meal production estimated at 48.1 million tons and soybean oil production at 12.55 million tons. Total soybean production is estimated at 180.13 million tons, according to Conab data, while projected imports are 900,000 tons of soybeans and 125,000 tons of soybean oil. In foreign trade, Brazil maintains its global leadership with soybean exports projected at 114.1 million tons, registering a variation of +0.4%. In co-products, estimates indicate external sales of 24.8 million tons of soybean meal and growth in soybean oil exports, which should reach 1.6 million tons. Data from March 2026 already confirm the sector's operational strength, with processing in the third month of the year totaling 4.995 million tons, representing a 25.8% increase compared to February 2026 and a 5.9% increase compared to March 2025, when adjusted for the sample percentage. As for the accumulated total for the year, processing reached 12.840 million tons, a 9.8% increase compared to the same period last year, when adjusted for the sample percentage.
This text was translated by machine from Brazilian Portuguese.