![]() ![]() In the US, soy is second only to corn in crop size. In the United States, production should reach 4,905 million bushels in 10 years, an increase of 18.6% in the same period, according to the U.S. Soy has been the fastest-growing global crop in recent decades the UN Food and Agriculture Organization predicts that its production will nearly double again by 2050. The Ministry of Agriculture, Livestock and Supply (MAPA) projects that Brazil will produce 5,751 million bushels of soybeans in 2030, an increase of 15.2% compared to the 2020/21 crop (see Figure 1). In the future, Brazils grain production is projected to outpace that of the United State. In recent years, Brazil surpassed the United States as the world’s largest soybean producer. Although soy is commonly associated with milk and meat substitutes, in Britain the vast majority is fed to animals, making up 20-25 percent of British chicken feed. In addition, recent advances in logistics, such as on the railroad called the North-South, should create opportunities to improve competitiveness in the transportation sector. Brazil is the biggest producer of soy consumed in the United Kingdom, and 70 percent of it is imported into the UK by Cargill. ![]() The growth of Brazilian acres are expected to be continue higher than the United States and Argentina, two of the other major producers of soybeans. As of 2019, Brazil overtook the United States as the leading soybean producing country with a production volume of some 129.5 million metric tons in 2021/22. is the number one producer, consumer and exporter of. The area harvested this season is also at a record of 95.16 million acres, up 4.2% from last season. The Worlds Largest Open Access Agricultural & Applied Economics Digital Library. ![]() In the 2020/21 season, Brazil produced a record of 4,994 million bushels of soybeans, up 8.9% from last season’s record crop of 4,587 million bushels, according to data from the National Supply Company (Conab). Brazil is projected to retain its position as the largest soybean producer over the next decade. ![]()
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