Summary
- Cepea and Abiove project a 5.33% GDP decline in Brazil’s soybean and biodiesel sector in 2024.
- Soybean GDP expected to fall by 13.07%, while agro-services set to decline by 4.28%.
- Despite challenges, biodiesel production and soybean meal exports are driving forecasted growth of 2.95%.
- Feed industry to benefit from increased animal feed production with total GDP projected at R$422 billion ($74.7 billion).
