Brazil's soybean export registration accelerated in May

Introduction: Dow Jones Sao Paulo According to the data provided by the Brazilian government, Brazil's soybean export in 2002 / 03 (February January of the next year) accelerated in the middle and late May, but the progress of export registration still lags behind the same period last year According to the data from the Foreign Trade Secretariat of the Ministry of development, industry and trade of Brazil, as of May 31, Brazil's soybean export registration has reached 9064 million tons, down 13% compared with the same period last year's export registration of 10423 million tons Most analysts predict that Brazil's total soybean exports will rise to 17-17.5 million tons this year, up from 15.5 million tons last year In the second half of May, the annual soybean export of new crops showed an upward trend, with an increase of 1.031 million tons, and the export in the first half of May was 787700 tons At the same time, the annual soybean meal export registration of new crops still maintained the progress of the first half of May, with the total export volume of 583700 tons in the second half of May and 563300 tons in the first half of May Soybean meal export registration has reached 6.013 million tons, up 11% from 5.429 million tons in the same period last year Brazil is expected to export 11 million tons of soybean meal this year Soybean oil export registration also increased in May As of May 31, the total export registration reached 981.400 tons, 11% higher than the export registration of 860300 in the same period last year.