en.Wedoany.com Reported - The Brazilian Vegetable Oil Industry Association (Abiove) has raised its 2026 soybean crush forecast to 63 million tons, an increase from previous estimates, reflecting the trend of the country's soybean industry chain accelerating its shift toward higher value-added segments.

The adjustment in this forecast is set against the backdrop of a bumper harvest year and strong demand for derivatives. Brazil's soybean production in 2026 is expected to reach 180.25 million tons, providing support for the simultaneous expansion of domestic supply and exports.

The increase in processing volume is directly reflected in the greater supply of industrial products. Soybean meal production is expected to reach 48.6 million tons, and soybean oil production is forecast at 12.65 million tons. This trend strengthens Brazil's industrial participation in strategic sectors such as animal feed, human consumption, and biofuels.

In terms of foreign trade, soybeans will continue to dominate Brazil's exports, with an estimated export volume of 114.1 million tons. The outlook for derivative exports is also optimistic, with soybean meal exports raised to 24.95 million tons and soybean oil exports expected to reach 1.65 million tons. Overall, the total export revenue from the soybean complex is expected to generate approximately $60 billion in 2026.

Recent data already shows a growth trend. In April 2026, soybean crush volume reached 5.09 million tons, an increase of 0.2% from March and 6.7% from the same period in 2025 (adjusted based on the association's statistical methodology). In the first four months of this year, the industry processed a cumulative 18.124 million tons, a year-on-year increase of 10.1%. Abiove believes these indicators demonstrate the industry chain's capacity to absorb growth in raw material supply, expand derivative production, and maintain Brazil's competitiveness in strategic global agricultural markets.

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