Global grain transport volume surges 15%: Strong soybean exports reshape the food supply chain
In the first six weeks of 2026, global bulk grain shipping volumes increased by 15% year-on-year, while soybean shipping volumes grew by 30%. Record harvests in Brazil, Argentina, and Australia, combined with the entry into force of the US-China trade agreement, have significantly boosted global grain trade. BIMCO expects full-year grain shipping volumes to grow by 5-6%, but the second half of the year still faces climate and policy uncertainties.
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The global smart agriculture market is expected to grow at a compound annual growth rate of 9.9%, from $20.05 billion in 2025 to $46.89 billion in 2034. The report analyzes drivers, challenges, and opportunities.