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    Home > Active Ingredient News > Feed Industry News > Strong world demand for soybeans, soybean oil and soybean meal

    Strong world demand for soybeans, soybean oil and soybean meal

    • Last Update: 2001-08-21
    • Source: Internet
    • Author: User
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    Introduction: according to oil world, in the second half of this year and 2001 / 02, the world market will rely more on soybeans, soybean oil and soybean meal From April to September 2001, oil world estimated that the processing capacity of soybeans will increase by 5.5 million tons, thus making the total world oil production from October 2000 to September 2001 reach 145.8 million tons It is expected that soybean oil production will further increase significantly next year To meet the demand, we need a considerable increase in soybean oil production and exports from the United States Oil world estimates that U.S soybean end of term stocks are 275 million bushels, which is based on U.S soybean production of 2.91 billion bushels To achieve this production, the weather in the United States needs to be favorable for crop growth from now on The figure is significantly lower than the USDA's forecast of 345 million bushels of ending inventory in its July 11 supply and demand report Exports from the United States, Brazil and Argentina continued to increase significantly in June, with an estimated 400000 tons higher than last year, continuing a significant increase in previous months During the period from January to June 2001, the export of the world's three major soybean countries reached a record 25.5 million tons, an increase of 3.7 million tons, or 1.3% Most of the increase in exports between January and June was shipped to China (author:) share to feed Weibo share to:
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