Brazilian meal exports reach record levels in Q1 2025

In the first quarter of 2025, Brazil achieved a record-breaking performance in soybean meal exports, shipping out approximately 5.40 million metric tons, surpassing the previous quarter's record of 5.10 million metric tons. This success is attributed to favorable crushing margins and strong demand, particularly from the European Union. The average crushing margin increased to $67.43/mt from $57.69/mt in the previous quarter, driven by high domestic soybean oil prices. Despite a slight decrease in export price, the competitive pricing and anticipated tariff disputes could further boost Brazil's soybean meal exports for the rest of the year.

Brazilian soybean meal exports in the first quarter of 2025 were record-breaking for the period, driven by favorable crushing margins and consistent demand from key destinations, particularly in the EU, according to government data. According to data from the Secretariat of Foreign Trade, linked to the Ministry of Economy, Brazil shipped approximately 5.40 million mt of soybean meal between January and March of 2025, marking a historic volume that surpasses the previous record of 5.10 million mt set in the first quarter of 2024. External sales were exceptionally strong in March, reaching around 2 million mt, as exporters accelerated shipments following delays caused by adverse weather conditions in previous months. Brazil is typically the world’s second-largest exporter of soybean meal, trailing only its neighbor Argentina. The commodity is a key ingredient for animal feed, especially for poultry and pork. Brazilian soybean meal remained competitive throughout the first ...