Abiove increases forecast for Brazil’s 2024/25 soybean output, soyoil exports

The Brazilian Association of Vegetable Oil Industries (Abiove) increased its estimates for Brazil’s soybean output in 2024/25 by 1 million tonnes to 168.7 million tonnes and raised its 2025 soybean export forecast to 104.4 million tonnes, both record volumes, while also elevating its projection for soyoil exports, Abiove’s monthly report showed on Thursday December 12.