Abiove trims Brazil’s soybean output estimates for 2023/24, increases forecast for soymeal exports

The Brazilian Association of Vegetable Oil Industries (Abiove) trimmed its estimate for Brazil’s soybean crop output in 2023/24 to 153 million tonnes while raising its forecast for soymeal exports by 1.4% to 22 million tonnes, its monthly report showed on Thursday September 12.