August 15, 2006
Argentina's June soy crush up 14.2 percent from year ago
Argentina's soybean crush totalled 3,047,458 tonnes in June, up 14.2 percent from 2,669,452 tonnes a year earlier, the latest Agriculture Secretariat data show.
Argentina produced 564,361 tonnes of soyoil in June, up 14.3 percent from the 493,587 tonnes crushed a year ago.
Soy pellet output in June totalled 2,374,923 tonnes, up 12.9 percent from the 2,103,861 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 2005/06 soy harvest totalled a record 40.5 million tonnes, up from 39 million tonnes a year ago, according to the US Department of Agriculture.
In recent years major oilseed companies have embarked on plans to spend more than 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 2,372,189 1,986,404
February 1,936,020 1,799,936
March 2,272,583 1,924,887
April 2,961,181 2,247,994
May 3,343,470 2,749,303
June 3,047,458 2,669,452
July 2,860,824
August 2,591,338
September 2,774,658
October 2,421,991
November 2,077,876
December 2,585,756
Soyoil
January 450,637 379,267
February 372,091 342,118
March 433,878 372,559
April 559,083 429,975
May 621,581 492,244
June 564,361 493,587
July 538,851
August 487,836
September 520,780
October 457,453
November 392,290
December 488,764
Soy Pellets
January 1,854,240 1,567,222
February 1,521,308 1,421,760
March 1,786,078 1,484,797
April 2,297,042 1,761,795
May 2,600,539 2,158,916
June 2,374,923 2,103,861
July 2,324,677
August 2,012,131
September 2,165,854
October 1,897,468
November 1,615,133
December 2,032,774
