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Brazil 04-05 Soybean Export Regs Reach 18.35M MT B
calendar09-07-2004 | linkDow Jones | Share This Post:

SAO PAULO (Dow Jones) - Brazil soybean export registrations for the2004-05 marketing year (February-January) moved forward to 18.35 millionmetric tons in the second half of June, according to official figuresreleased Thursday. Government figures made available by the BrazilianAssociation of Vegetable Oil Industries, or Abiove, showed registrationsof soybean exports progressed by 368,000 tons in the second 15 days of themonth and are well ahead of the 16,865 million tons registered at the samestage the previous year. Abiove forecast soybean exports will reach 20.2million tons in 2004-05, up from 19.99 million tons last year. Soymealregistrations rose in the second half of June, totaling 9.348 milliontons, up by 608,000 tons from June 15. Soymeal registrations are slightlyahead of the 8.043 million tons registered exactly one year before.Exports of meal are expected to total 15.500 million tons, according toAbiove, up from 13.577 million tons last year. Soyoil registrations stoodat 1.407 million tons, compared with 1.332 million tons last year. Soyoilexports are seen reaching 2.7 million tons in 2004-05, up from 2.40million tons the year before. Brazil is the world's largest exporter ofsoybeans and their derivatives. Brazil places no obligations to exportregistered produce.