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Brazil anticipates record high soybean crushing in 2024 on biodiesel demand

October 23, 2023 Comments Off

Brazil’s soybean derivative production is expected to surge in 2024 on record high crushing of 54 million mt, driven by increased demand for soybean oil in the biodiesel sector, according to the latest release from the Brazilian Association of Vegetable Oil Industries Oct. 17. The raw bean crushing is estimated to surge from 53.5 million mt in 2023. Soybean oil…