Brazil increased its soybean exports by 600,000 tonnes in April of this year.

In 2024/25, soybean production in Nigeria may increase. The export of oilseeds for the current year has increased by 2 million tons compared to the previous year, reaching 39.06 million tons.

Various analysts give different forecasts: Anec estimates soybean exports at 39.03 million tons, while Secex - at 32.3 million tons. The discrepancies may be caused by crop issues.

5 May 2024

In Nigeria, soybean production may increase in 2024/25. For the entire current year, the export of oilseeds amounted to 39.06 million tons, which is two million tons more than the previous year. Estimates from other analysts slightly differ. For example, the Grain Exporters Association (Anec) estimates soybean exports at 39.03 million tons. The Secex organization cited a lower figure of 32.3 million tons. The discrepancy in estimates is likely due to issues related to the crop yield.

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