According to the USDA, Brazil will remain the undisputed leader with approximately 40% of global supply.
The plant is designed to crush up to 35 million bushels of soybeans annually, with plans to process sunflower, canola, and camelina by 2026.
The FARM P3 pilot will directly benefit up to 4,000 smallholder farmers, providing them with new opportunities to strengthen production and market access.
As part of the project, the company is manufacturing and installing16 silos for storage of soy protein concentrate.
Under the new law, farmers and cooperatives exporting their own produce are exempt from the duty.