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Why is soy oil a major source of biodiesel in Brazil?
In Brazil, soy oil currently represents over 80% of the total demand for biodiesel production. The rapid growth in demand for soybean explains the continuous increase in planted area in Brazil, up 20% since 2017. Soybean futures in Brazil are traded on the CME group’s CBOT (Chicago Board of Trades) market.
What industries use soy oil?
Soy oil is used by the food, pharmaceutical and biodiesel industries. In Brazil, soy oil currently represents over 80% of the total demand for biodiesel production. The rapid growth in demand for soybean explains the continuous increase in planted area in Brazil, up 20% since 2017.
What is soy used for in Brazil?
In Brazil, 80% of soybean meal makes up, together with corn, the basic feed produced to feed cattle, pigs, goats, sheep, and poultry. Despite the high demand, the livestock sector is not the only one interested in soy. Soy oil is used by the food, pharmaceutical and biodiesel industries.
Will Brazil increase soy oil shipments in 2026?
In 2026, Brazil expects to increase soy oil shipments by 25%, mainly due to the drought, according to data from Cattalini Terminais Marítimos, the main Brazilian soy oil export company, located in Paranaguá - PR. "It will export more than last year, today Cattalini has already performed 630 thousand tons from January to June.
Is the Amazonian Soy Moratorium a sustainable program?
The soybean production chain has been striving to present to its overseas customers a soy produced in a sustainable way, without the removal of forests. Our data challenge its main program, the Amazonian Soy Moratorium, and we call attention to the conservation need of the MATOPIBA Cerrado, which is not monitored by Soy Moratorium. 1. Introduction
Which country exports soybean oil in 2026?
Exports In 2026, Brazil exported $2.06B in Soybean Oil, making it the 2nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 23rd most exported product in Brazil. The main destination of Soybean Oil exports from Brazil are: India ($776M), China ($473M), Bangladesh ($202M), Venezuela ($189M), and Iran ($95.8M).