July 31, 2008


Argentina June soy crush down 42 percent on-year; sunseed up 17 percent



Argentina crushed 1,900,357 tonnes of soy in June, down 42 percent from the 3,252,083 tonnes turned into soyoil and soymeal during the same month last year, according to the Agriculture Secretariat's latest data.


A strike and roadblocks thrown up by farmers in May and June to protest higher grain export taxes prevented a large amount of the new-crop soy from making it to crushing facilities.


During the first half of the year, Argentina's s soy crush totalled 14,297,452 tonnes, down from 16,270,669 during the same period a year earlier.


In June, processors squeezed 364,105 tonnes of soyoil out of the beans, down from 619,954 tonnes produced in June 2007.


Soymeal output in June totaled 1,501,095 tonnes, down from 2,501,367 tonnes a year earlier.


Argentina is the world's leading soymeal and soyoil exporter but trails the US and Brazil in soy exports.


Argentina also crushed 307,556 tonnes of sunseeds in June, up 17 percent from 263,691 tonnes a year earlier.


During the first half of the year, 2,342,571 tonnes of sunseeds were crushed, up from 1,940,250 tonnes a year earlier.


Argentina produced 126,012 tonnes of sunseed oil in June, up from 105,121 tonnes a year earlier.


Argentina is a leading exporter of sunseed oil.

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