Brazil's soybean meal and oil exports fell due to the energy crisis
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Last Update: 2001-08-29
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Source: Internet
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Author: User
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Introduction: Brazil's vegetable oil industry association (abiove) recently released a report that the national energy crisis will affect Brazilian soybean meal and soybean oil exports, but soybean export sales will increase Abiove's latest report raised Brazil's soybean production this year to 38.2 million tons from the last forecast of 38 million tons However, Brazil has encountered the most serious energy crisis in three decades The government requires heavy industry enterprises, including soybean crushing plants, to reduce their electricity consumption by 20% before the beginning of 2002, which will reduce Brazil's soybean crushing capacity Abiove reduced the soybean crushing volume from 22.2 million tons predicted last time to 21.8 million tons in 2001-02, and reduced the soybean meal export volume from 10.1 million tons predicted last time to 9.9 million tons The soybean meal export volume of the same year was the same The export volume of soybean oil also decreased from the last forecast of 1.4 million tons to about 1.3 million tons, and the export volume of last year was 1.1 million tons The surplus soybeans will be exported to the overseas market as whole soybeans after the reduction of pressing volume, so Brazil's soybean export will further increase Abiove raised Brazil's soybean export volume in 2001-02 from the last forecast of 14.7 million tons to 15.3 million tons, 30% higher than the export volume of 11.8 million tons in 2000-01.
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