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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

31/05/2001

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

NULL

CATEGORY

HEADLINE

Oilseed Briefs: Global soy trade booms on increase
Oilseed Briefs: Global soy trade booms on increased productionHamburg, May 29 (BridgeNews) - Global soybean imports in October2000/September 2001 are now forecast by Hamburg-based newsletter Oil Worldat 49.95 million tonnes, up by 3.8 million tonnes or 8% on the season."This surge in soybean trade is induced by the boost in production--mainlyin South America--plus reduced availabilities of other oilseeds, sharplygrowing demand, mainly for soybean meal but also for soybean oil," itsaid.____________Oil World sees 2001-02 global soybean crop up by 6.6 mln tns.Hamburg, May 29 (BridgeNews) - The global soybean crop in the 2001-02season is likely to reach 177.7 million tonnes, up 6.6 million tonnes onthe season, Hamburg-based newsletter Oil World said in its first seasoncrop estimate. It sees the U.S. 2001-02 soybean crop at 80.30 milliontonnes (previous season: 75.38 million tonnes). Its first forecast ofworld soybean crushings in the 2001-02 season is 152.7 million tonnes, upby an above-average 6.9 million tonnes on the season.