Abiove cuts Brazil’s 2023/24 soybean production estimate to 152.5 mln tonnes

The Brazilian Association of Vegetable Oil Industries (Abiove) reduced its estimate for the country’s soybean crop output in 2023/24 to 152.5 million tonnes, down by 1.4 million tonnes from the previous forecast of 153.9 million tonnes, its monthly report showed on Tuesday June 18.