It is predicted that Brazil's soybean export will reach 16 million tons in 2002 / 03
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Last Update: 2002-07-26
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Source: Internet
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Author: User
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Introduction: in 2002 / 03, the export of soybean meal increased to 11.9 million tons, and in 2002 / 03, the export of soybean oil increased to 1.8 million tons Osterdowjones, Sao Paulo, July 25: on Thursday, abiove lowered its 2002 / 03 soybean export forecast again in its latest report At present, abiove estimates that Brazil's soybean exports will reach 16 million tons in 2002 / 03, which is 3% higher than the previous year's 15.5 million tons, but 300000 tons lower than the data released at the beginning of this month At the beginning of the year, most analysts estimated that soybean exports would reach 17.5 million tons The export forecast of soybean meal was increased to 11.9 million tons, higher than the forecast of 11.6 million tons at the beginning of the month, and also higher than the export volume of 10.8 million tons in the same period of last year As domestic demand also increased, soybean meal exports also increased significantly Abiove predicted on Thursday that Brazil would produce 19.25 million tons of soybean meal in 2002 / 03, an 8.8% increase from 17.7 million tons last year Soybean oil exports also rose to 1.8 million tons, up from 1.7 million tons predicted last month and 1.6 million tons last year Brazil's soybean crushing is expected to reach 24.7 million tons, up from 22.77 million tons in 2001 / 02.
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