South America Calling
Alastair Stewart South America Correspondent

Tuesday 10/01/13

Brazilian Soy Exports to Rise 6% in 2014-15

Brazil will export another 6% of soybeans in the upcoming 2014-15 season based on a roughly equivalent increase in production, the Brazilian Vegetable Oil Industry Association (ABIOVE) said this week.

The crushing industry body forecasts bean exports will total 44.0 million metric tons from a crop of 86.0 mmt, continuing the recent trend for sharp annual increases in shipments over recent years.

Planting of what is expected to be a record crop has just begun.

Soybean processing won't grow at the same pace, expanding just 1.7% to 36.5 mmt next season. This reflects China's preference for beans over meal.

Assuming Brazil produces the promised bumper crop, ending soybean stocks will swell from 1.8 mmt to 4.5 mmt, the crushers forecast.

ABIOVE actually raised its 2013-14 soybean export figure by 1 mmt due to strong shipments in the first eight months of the marketing year.

The association's figures are based on data from firms representing 80% to 82% of all crushing in Brazil and, as such, are used as a reference here.

Posted at 2:04PM CDT 10/01/13 by Alastair Stewart
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
November  2015
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30               
Subscribe to South America Calling RSS
Recent Blog Posts
  • Brazilian Soy Planting Progresses on Improved Weather
  • Rain Hampers Argentine Soy Planting
  • Argentine Wheat Output Set to Bounce
  • Argentina's Macri Wins; Farm Policy Changes Ahead
  • Brazil Soybean Planting Continues To Lag
  • Spotty Rainfall Worries Mato Grosso Soy Farms
  • Hot, Dry Weather Continues to Hamper Brazil Soy Planting
  • Argentine Soy Planting Accelerates In Last Week
  • Argentina's Election and Soy Exports
  • Brazil's Truck Strike Peters Out
  • Brazilian Truckers Continue Strike on Tuesday
  • Brazil's CONAB Raises 2015-16 Soy View
  • Brazil's CONAB Raises 2015-16 Soy View
  • Brazilian Truckers Block Highways Monday
  • Brazilian Soy Planting Accelerates With Rain in Mato Grosso
  • Brazil Sugarcane Harvest Seen Larger in 2016-17
  • Trucker Strike Threat a Worry For Brazil Corn Exporters
  • Brazilian Corn Exports Strong in October
  • Brazilian Soy Industry Pushes For Biodiesel Hike
  • Potential for Brazil Corn Yields to Grow 30% to 40% - McKinsey