The forecast for Brazil's palm oil supply indicates consistent growth from 2024 to 2028. Starting at 1.0 million metric tons in 2024, it is projected to increase to 1.13 million metric tons by 2028. This steady rise reflects an annual compound annual growth rate (CAGR) of approximately 3.1% over the five-year period. Notably, there is a consistent year-on-year increase of around 3% from 2025 to 2028. The actual supply in 2023 was also 1.0 million metric tons, establishing a stable baseline for the forecast period.
Future trends to watch for include potential impacts of climate change on agricultural yields, shifts in global demand for palm oil, advancements in sustainable farming practices, and regulatory changes within Brazil's agricultural policies. These factors could significantly influence both production capacity and overall supply in the coming years.
