July 24, 2008
Argentina June soy stock down 36 percent on-year
Argentina's oilseed industry held soy stocks totaling 2.2 million tonnes as of June 1, down 36 percent from the 3.4 million tonnes in June 2007, according to the Agriculture Secretariat's latest data.
Soy oil stocks totaled 218,442 tonnes as of June 1, down from 416,795 tonnes held at the same date a year earlier.
Stocks of soy pellets totaled 891,979 tonnes, up from 721,354 tonnes a year earlier.
Argentina is the world's leading soy oil and soymeal exporter. It follows the US and Brazil in soy exports.
Meanwhile, oilseed crushers held 785,254 tonnes of sunseed stocks as of June 1, up from the 368,275 tonnes on-year.