In 2023, Brazil's soybean production stood as one of the world's highest, driven by agricultural advancements and expanding planted areas. The projected figures exhibit a consistent growth, from 150.93 million metric tons in 2024 to 173.49 million in 2028. This denotes an average year-on-year growth rate of approximately 3.50%. This growth reflects Brazil’s increasing capability and investment in agricultural technology and infrastructure.
Trends to Watch for Future:
- Brazil's focuses on improving yield and efficiency through technological advancements.
- Potential impact of climate change on productivity and cultivation cycles.
- Changes in global demand driven by environmental sustainability policies.
