September 11, 2006

 

Argentina's July soy crush up 6.5 percent on-year

 

 

Argentina's soybean crush totalled 3,047,582 tonnes in July, up 6.5 percent from 2,860,824 a year earlier, according to the Agriculture Secretariat.

 

Argentina produced 564,485 tonnes of soyoil in July, up 4.8 percent from the 538,851 tonnes crushed a year ago.

 

Soy pellet output in July totalled 2,348,994 tonnes, up 1 percent from the 2,324,677 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 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.

 

The following tables show Argentina's soy crush data as measured in tonnes:

 

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           3,343,724    2,749,303

June          3,047,458    2,669,452

July           3,047,582    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            564,485      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        2,372,930    2,103,861

July         2,348,994    2,324,677

August                      2,012,131

September                2,165,854

October                    1,897,468

November                 1,615,133

December                 2,032,774