Global soybean exports hit a record, but oil seed export growth slowed down
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Last Update: 2002-01-16
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Source: Internet
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Author: User
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Introduction: since 1998 / 99, the global soybean export will increase by 4.04 million tons in 2001 / 02, reaching a record 59.26 million tons Last year, the world's exports increased dramatically by 8.55 million tons, and the global oil seed trade increased by 11% However, despite the growth of global soybean trade this year, the total oil seed trade in 2001 / 02 market year was only 1% higher than the previous year's level This is due to a decrease in global sunflower and rapeseed exports, which almost offset the increase in soybean exports In 2001 / 02, the export of sunflower seeds will shrink by 40% (1.32 million tons) and the export of rapeseed will shrink by 21%, or 2.09 million tons, due to the reduction of production in the main growth areas of sunflower seeds and rapeseed in the world Although soybean is not the best alternative to these oilseeds, soybean exports are still filling the gap left by the low supply of these oilseeds This means that the increase in soybean supply, more than the decrease in sunflower and rapeseed supply, is enough to meet the growth of world demand for oilseeds.
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