Global Soybean Demand Currently Estimated to be 355 Million MT, Says Beroe Inc
The major soybean-producing regions are the US, Brazil, and Argentina, which account for 82 percent of the global soybean production.
- The major soybean-producing regions are the US, Brazil, and Argentina, which account for 82 percent of the global soybean production.
- Brazil and the US are the largest soybean exporting countries, responsible for almost 85 percent of global exports, while China is the largest importer of soybean.
- However, an increase in domestic soybean production is expected to reduce the Chinese import demand in international markets in the upcoming years.
- New engineering systems enable soybean breeders to better analyze soybean genetics, helping create better high-yielding soybean.