June 19, 2006
Argentina's April soy industry stocks down 13 percent on-year
Argentina's oilseed industry held soybean stocks totalling 2,379,596 tonnes in April, the latest Agriculture Secretariat data show.
That puts stocks down 13.4 percent from the same month in 2005, when they totalled 2,746,763 tonnes.
Industry stocks normally rise during the first part of the soybean harvest and begin to dwindle toward the end. Farmers here harvest soybeans from March through July.
Soyoil stocks were 228,022 tonnes in April, up 30 percent from 175,524 tonnes the previous year.
Stocks of soy pellets amounted to 516,970 tonnes, up 2.6 percent from 504,112 tonnes in April 2005.
Argentina produced a record 39 million tonnes of soy in 2004/05, compared with 33 million a year earlier, according to the US Department of Agriculture. The USDA expects Argentina to produce 40.5 million tonnes in 2005/06.
Argentina is the world's leading soyoil and soymeal exporter.
Oilseed industry stocks
Product 2006 2005
Soybeans
January 803,544 957,510
February 432,877 599,266
March 422,499 1,410,016
April 2,379,596 2,746,763
May 3,658,786
June 3,642,931
July 3,149,417
August 2,788,785
September 2,555,143
October 2,364,865
November 2,226,020
December 1,579,478
Soyoil
January 249,368 212,131
February 197,641 220,085
March 181,898 135,088
April 228,022 175,524
May 175,524
June 234,088
July 292,230
August 238,853
September 310,271
October 322,835
November 300,590
December 239,119
Soy Pellets
January 686,509 466,903
February 331,692 481,401
March 388,271 480,895
April 516,970 504,112
May 821,306
June 633,263
July 849,847
August 829,909
September 923,290
October 704,000
November 460,400
December 672,488
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