Shipment of soybeans must add 79 mi tons in 2019

Brazilian soybean exports will add 79 million tonnes in 2019/2020 business year, repeating the record results of the previous period, estimated last Seasons consulting & market. The period extends from February to January 2020 2019. According to the analyst Luiz Fernando Roque, without an agreement between United States and China, Brazilian soy exports should continue to be very strong in the new season (crop 2018/19). "This fact will ' wipe ' supply of the internal market, squeezing stocks, even with the trend toward a new record harvest," he said, referring to the season at the stage of planting. As the consulting, amid strong Chinese demand, stocks end of Brazil in 2019/20 should fall 31%, to 98000 tons, while the current brazilian crop is projected at about 120 million tons. The Crops still crush 40 million projected tons of soybeans in the 2019/20 and business year 41.8 million in 2018/19, 4% indentation between season one and another. The production of soybean meal should add 30,470,000 tons in 2019/20, 4% less compared to the previous year. Exports of the derived 22% should fall 13.5 million tons. The production of soybean oil should stay in 7,960,000 tons, while exports of the product, at 620,000 tonnes, said the Crops.