World: An increase in soybean production is projected in the next marketing year

According to analytical data from Oil World in the next marketing year, an increase in the production of soybeans by 6% is expected. In the current season, the world soybean harvest will be 338.8 million tons, while next year the expected figure is 358 million tons.

Such information was provided by APK-Inform.

The greatest increase in production is expected in the countries of South America.
According to estimated forecasts, the harvest in this region will grow by 17.66 million tons. However, it is worth mentioning that in Brazil, a decline in yield by 1 million tons is possible.

In addition, analysts believe that increase in yields is expected in such countries as the US, India and the Black Sea countries.

Also, after assessing the world’s final stocks of soybeans in the next marketing year, they came to the conclusion that the amount of reserves will be 96.7 million tons, which is 4 million tons more than in the current year.

It should be added that in the next marketing year, the demand for this crop is also expected to grow by 12.2 million tons.

An increase in global soybean production is expected in the upcoming marketing year. This is driven by the growing demand for soy-based products in the food, feed, and industrial sectors. Soybean producers are actively developing new technologies and varieties to enhance yield and improve product quality. The article explores projected trends in soybean production, including geographical distribution and key market players. Explore the prospects of the soybean sector and its role in the global economy. Learn about the opportunities and challenges faced by soybean producers, and understand the importance of this crop for sustainable development in the food industry.