According to the forecasts of the analysts of the Association of vegetable oil producers of Brazil (Abiove), in 2017/18 MY the volume of processing of soybeans in the country will reach a record 41 million tons, which will lead to the maximum for the entire time of observations of the volumes of soybean oil and meal production, reports The Soybean & Corn Advisor.
The volume of production of Brazilian soybean oil in the next season is expected at 8.1 million tons, soybean meal - 31.1 million tons. The volume of exports of soybeans from Brazil in 2017/2018 year is 61.7 million tons, final stocks - 11.1 million tons.
