Analysis of supply and demand trends for grain, bran and soybean oil in Brazil and in the main global markets
DOI:
https://doi.org/10.21527/2237-6453.2020.51.93-112Keywords:
Trend analysis. Exports. Soybean Complex.Abstract
What are the trends and possible supply and demand scenarios for soybeans and their derivatives in the coming years? The importance of the answer to this questioning lies in the fact that the commodity in question is the main item on the Brazilian export agenda and contributes economically to all regions of Brazil. The research presents analyze of trends in production, export, consumption and imports of grain, soybean meal and soybean oil in Brazil and its main global players. Trends and growth rates were identified and measured through the econometric model of trends and growth rates. Data were obtained from the US Department of Agriculture (USDA, 2018) and the Brazilian Vegetable Oils Industries Association (ABIOVE, 2019). Among the main results, the growth of supply, on the side of Brazil, the United States, Argentina and Paraguay, and the demand, mainly Asian, American and European, stand out. Therefore, the trend is to increase the production of the main Brazilian competitors and increase the demand of the main consumers, notably China, India, Russia, Algeria and other emerging economies. In view of this, it is strategic for the Brazilian soybean producer to strengthen trade relations with China, Russia and other complementary economies to the Brazilian economy. It was also observed that the Brazilian domestic market should be recognized, since it accounts for about 35% of soybeans, 50% of soybean meal and 84% of soybean oil.
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