In 2002 / 03, soybean production in South America exceeded that in the United States for the first time
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Last Update: 2002-08-15
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Source: Internet
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Author: User
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Introduction: USDA said on Monday that the soybean production in South America, mainly in Brazil and Argentina, will catch up with the US and occupy the leading position in the soybean industry This will be the first time that South American soybeans have overtaken the United States after years of accumulation In 2002 / 03, the total output of American soybeans hit by drought in aVu is expected to be 2628 million bushels, or 71.53 million tons, while that in Brazil will increase to 48 million tons, that in Argentina will reach 30 million tons, and that in two South American countries has exceeded that in the United States to 78 million tons As for aVu's market annual export in 2002 / 03, the U.S Department of agriculture forecasts that the total export of soybeans in the United States is 22.22 million tons, Brazil 22.2 million tons and Argentina 10.6 million tons.
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