Abiove reduces the forecast value of soybean squeezing and export in 2005 / 06
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to a report released on Wednesday by abiove, Brazil's soybean exports in the year from February 2005 to January 2006 were 22.3 million tons, compared with 22.5 million tons in January and 19.3 million tons in the previous year Although abiove reduced soybean production by 3.2 million tons compared with the forecast level in January, the range of soybean crushing and export adjustment was only slightly reduced, because exporters and crushers will consume inventory to meet export demand Abiove expects soybean meal exports to be 15.4 million tons, down from 16 million tons last year and 14.1 million tons last year The amount of soybean squeezing in 2005/06 is expected to reach 31 million 700 thousand tons, slightly lower than the previous forecast of 32 million 400 thousand tons, while the level of soybean squeezing in the previous year was 29 million 230 thousand tons
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