Increased soybean crushing in Mato Grosso boosts soybean meal exports by 10.26% and soybean oil exports by 26.76%, says Imea.

Mato Grosso recorded an increase in exports of soy derivatives in the first seven months of 2026. From January to July, shipments of soybean meal totaled 5.22 million tons, an increase of 10.26% compared to the same period last year, when 4.74 million tons were exported. In the case of soybean oil, the volume reached 224,320 tons, a growth of 26.76% compared to the 176,960 tons recorded in the first seven months of 2025.

The data was compiled by the Mato Grosso Institute of Agricultural Economics (Imea), based on information from the Secretariat of Foreign Trade (Secex).

According to Imea analyst Juan Porto, the increase in exports is related to the rise in the supply of raw materials as well as the demand for derivatives in the foreign market.

According to the analyst, the state has been expanding soybean crushing as grain production grows, increasing availability for industries and allowing for new records in processing and in the production of meal and oil.

“The increase in exports of soy derivatives from Mato Grosso is associated with both supply and demand factors. On the supply side, the state has been expanding soybean crushing, keeping pace with the growth in grain production. The record harvests of recent years have increased the availability of raw materials for industries and, consequently, allowed for new records in the processing and production of soybean meal and oil,” he explains.

In the case of soybean meal, the external market is predominant. For the 2025/26 harvest, Imea estimates that 80.36% of Mato Grosso's supply will be destined for exports, mainly to markets in Asia and Europe.

With increased crushing capacity, the greater availability of the product has been accompanied by international demand capable of absorbing growing volumes.

According to Imea, the evolution of shipments is more clearly seen in the monthly data. In January 2026, Mato Grosso exported 679,250 tons of soybean meal, compared to 607,720 tons in the same month of 2025. In June, the figure was 793,430 tons, an increase of 21,59% over the 652,560 tons recorded a year earlier. In July, the volume reached 814,410 tons, compared to 679,390 tons in July 2025.

Soybean oil, however, presents a different dynamic. Imea's analysis indicates that most of the production is destined for the domestic market, mainly for the biodiesel industry.

According to Juan Porto, demand is keeping pace with the gradual increase in the mandatory blending of biofuel with diesel, but exports are also gaining ground.

 “Even so, exports are also growing: in 2026, the volume shipped already exceeds that recorded in the entire year of 2025, indicating a greater participation of the foreign market in the flow of the product,” says the analyst.

From January to July, soybean oil shipments totaled 224,320 tons. This volume already exceeds the 176,960 tons exported during the entire period from January to July 2025 and also surpasses the total exported by the state throughout the entire year of 2025.

Among the months analyzed by Imea, the highest volume of 2026 was recorded in February, with 59,010 tons, followed by March, with 50,400 tons. In July, 38,640 tons were exported, compared to 21,740 tons in the same month last year.

Forecast for the 25/26 harvest.

The increased availability of soybean byproducts is keeping pace with the growth in soybean production and crushing in Mato Grosso. For the 2025/26 harvest, Imea estimates a production of 10.33 million tons of soybean meal and 2.72 million tons of soybean oil.

According to analyst Juan Porto, while soybean meal maintains a strong presence in the international market, soybean oil remains primarily directed towards the domestic market, although exports are gaining market share.

"In this way, the increase in soybean production and crushing in Mato Grosso has expanded the supply of by-products and favored the growth of its markets. While soybean meal maintains a strong presence in the international market, soybean oil remains predominantly directed to the domestic market, although exports are gaining ground," he concluded.