November 10, 2008

Brazil's 2009/10 soy supply rises 2.5 percent to 61.4 million tonnes


Brazil's 2009/10 (February-January) industrial year soy supply (for the 2008/09 crop year) will total 61.4 million tonnes, up 2.5 percent on the 59.9 million tonnes expected for the 2008/09 industrial year, according to the Brazilian Oilseeds Association.


The association also expects exports to grow 7.7 percent to 26.7 million tonnes from 24.8 million tonnes in 2008/09.


Crush is expected to grow 2.8 percent to 33 million tonnes.


The new crop is also expected to start off with 26 percent smaller carry-over stocks, at 1.5 million tonnes.


Soy meal production is seen growing 2.9 percent to 25.2 million tonnes and, soy oil output 2.4 percent to 6.3 million tonnes.

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