Report issued by abiove
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: as of December 31, 2004, Brazil's soybean crushing industry held 1.18 million tons of soybean stocks, which was lower than 1.98 million tons at the end of November, according to a report released by abiove last Friday It is also lower than the 1.43 million tons at the end of December 2003 Due to the dissatisfaction of local soybean growers with the current low price of soybean, the sales progress continues to lag behind the previous years, and the poor profit of soybean crushing, which is the main reason for the decrease of soybean inventory in soybean processing plants As of the end of December, Brazil's soybean crushing plants held 322000 tons of soybean meal inventory, down from 369000 tons in November and 339000 tons at the end of December 2003
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