Brazil is ramping up production and soybean processing
In the main Brazilian growing region of the soybean state of Mato Grosso, the soybean processing in March compared with the previous month increased by 10.77% to a record 913,5 thousand tons, which is 10.68% more than in March 2017.
Experts believe that before the end of the season-high recycling rates will remain the same, but its volume will be reduced from 9.37 to 9.25 million tons.
In the current season soybean production in Brazil is 2.3% higher than the record figure of the previous year and will reach of 32.17 million tons However, in comparison with the previous season, soybean stocks in the country will be reduced by half through the projected increase in export and domestic demand growth of 2.8%.
According to Agrural, as of April 5, the collection of soybean in the state of Mato Grosso completed, and in the whole country undertaken by 85%.