March 21, 2006
Argentina's January soy crush up 19 percent on-year
Argentina's soybean crush totalled 2,371,186 tonnes in January, up 19.4 percent from 1,986,404 tonnes a year earlier, the latest Agriculture Secretariat data show.
Argentina produced 449,892 tonnes of soyoil in January, up 18.6 percent from the 379,267 tonnes crushed a year ago.
Soy pellet output in January totalled 1,832,884 tonnes, up 17 percent from 1,567,222 tonnes mashed a year earlier.
Analysts expect crush to keep rising over the next couple of years as soybean production rises and crushers boost processing capacity to accompany the bigger harvests.
The 2004/05 harvest totalled a record 39 million tonnes, up from 33 million a year ago, according to the US Department of Agriculture. The USDA has pegged the 2005/06 crop at 40.5 million tonnes.
Aceitera General Deheza, Bunge, Cargill, Louis Dreyfus and other companies are spending upwards of US$800 million to build ports and boost daily crush capacity to around 160,000 tonnes by 2007. Daily capacity now totals about 132,000 tonnes, according to the Rosario Cereals Exchange.
By the end of 2006, Argentina could be crushing more than 40 million tonnes of oilseed annually, according to an estimate by the Exchange's department of economic studies.
Product 2006 2005
Soybeans
January 2,371,186 1,986,404
February 1,799,936
March 1,924,887
April 2,247,994
May 2,749,303
June 2,669,452
July 2,860,824
August 2,591,338
September 2,774,658
October 2,420,568
November 2,075,525
December 2,585,756
Soyoil
January 449,892 379,267
February 342,118
March 372,559
April 429,975
May 492,244
June 493,587
July 538,851
August 487,836
September 520,780
October 457,204
November 391,772
December 488,764
Soy Pellets
January 1,832,884 1,567,222
February 1,421,760
March 1,484,797
April 1,761,795
May 2,158,916
June 2,103,861
July 2,324,677
August 2,012,131
September 2,165,854
October 1,896,355
November 1,582,664
December 2,032,774
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