“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term, soya beans are expected to be a key growth driver for global grain shipments,” says Filipe Gouveia, Shipping Analyst at BIMCO.In 2023, soya bean exports rose 10.6% due to a record harvest in Brazil. However, so far in 2024 exports have stagnated as Brazil has offset a weaker harvest with inventories from the previous season.