Brazil's soybean meal exports fell sharply in May
-
Last Update: 2002-06-06
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Lead: Sao Paulo, Brazil (Reuters) - Brazil's total exports in May, the key month for soybean and soybean meal exports, fell sharply compared with the same period last year, according to secex, Brazil's Ministry of trade In an initial report, the agency's specific export forecast data showed that Brazil's soybean exports in May fell 48% compared with the 2.5 million tons of export shipments in May 2001, and 22% compared with the 1.7 million tons of exports in April Soybean meal exports are down 43% from 1.2 million tons in the same period last year and 14% from 783705 tons in April this year But soybean oil exports - which this month were mainly exported to India and Iran - rose 32% compared with 84599 tons in May last year, and 69% compared with 66353 tons in April About 66% of this year's record 41.5 million tons of soybeans have been sold by producers, but domestic crushers are grabbing most of the share of normal exports to foreign countries at this time of the year, food analysts said By the end of April, industrial inventories had reached 11.1 million tons, far higher than the 9.4 million tons in the same period last year Analysts said domestic soybean meal demand remained strong, as corn production fell sharply this year and the Brazilian pig and poultry industries developed rapidly Pork exports increased by 100% compared with 2001, and poultry exports also increased rapidly.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
