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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

14/06/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Soyatech.com

CATEGORY

HEADLINE

Brazilian soy exports will be down US$1 billion, f
Brazil, Jun 8, 2004 (Gazeta Mercantil/SABI via COMTEX) --The BrazilianMinister of Agriculture, Roberto Rodrigues, estimates a fall of US$1bil inthe exports income of the soybean complex principally due to the downsizein the international prices of the product and possible renegotiations ofcontracts with China. The exports of soybean and derivatives, originallyestimated at US$10.5bil should be narrowed to US$9.5bil - up the US$8.1bilexported in 2003. Rodrigues also reviewed down the estimates for theagribusiness GDP, from 6% to 3% due to the expected crash in the Braziliangrains crop, from 130mil m tons to 120mil m tons.