US soybean meal exports are expected to decrease to 7 million 600 thousand tons next year
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Last Update: 2001-08-16
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Source: Internet
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Author: User
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Introduction: the U.S Department of agriculture expects a moderate increase in domestic soybean meal consumption in 2001 / 02, from 31.45 million tons to 32.1 million tons But compared with the soybean oil market, overseas competition in the soybean meal market will limit the growth of US soybean meal exports in the next year US soybean meal exports are expected to decrease to 7.6 million tons from the revised 2000 / 01 export estimate of 7.75 million tons Squeezing will be more and more concentrated on oil Therefore, in the case of relatively small increase in soybean meal demand, the corresponding increase in soybean meal production will put pressure on the soybean meal price in 2001 / 02 This month, the annual average price of soybean meal is expected to fall to $155 to $180 per short ton, compared with $175 per short ton in 2000 / 01 (author:) share to feed Weibo share to:
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