The supply to the Chinese market should be the main reason for expansion of Brazilian soy exports during that period.

In the twelve previous months, they totalled 28.04 million tonnes. The elevation of estimates has taken place for the second time in one month, before they were expected to reach 29.5 million tonnes.

According to analysts, from February this year to January next year, China should import 50 million tonnes, against 48 million purchased in the previous twelve months.  The demand of the Arab market is also growing, but the purchases are mainly soy oil and chaff, analysts said.

One of the reasons for the growth of exports and for greater sales to China is the greater soy production capacity of Brazil, when compared to other producers. The country should harvest 68.4 million tonnes of soy this crop, according to the Abiove, whereas the previous crop resulted in 57.3 million tonnes.

Meanwhile, Abiove has also expanded soy chaff export forecasts to 13.6 million tonnes, against a previous estimate of 13.2 million tonnes. This volume of sales should take place between February 2010 and January 2011.

In the twelve previous months, they were 12.038 million tonnes, according to the Abiove. Sales of soyoil should remain at 1.5 million tonnes in the period, as against 1.45 million tonnes in the previous year. The current estimate for soy chaff was adjusted by 1.5 million tonnes.