Experts Oil World raised its forecast of world soybean production in 2020/21 MG

2020-08-26 12:17:28
Machine translation
Experts Oil World raised its forecast of world soybean production in 2020/21 MG

Experts Oil World report in August increased compared to July estimates, the forecast of world soybean production in 2020/21 MG with 365,5 to 369.9 million tonnes, which significantly exceeds to 341.1 million tonnes 2019/20 season.

 

the Outlook Revision reflects expectations of high soybean crop in South America, where in October, during the active development of the soybean crop was dominated by favorable weather, which allowed to increase appreciation of the soybean production for Brazil to 131 million tonnes and Argentina's to 51.5 million tonnes, whereas in the previous season, these countries gathered 126,55 million tons and 50 million tons respectively.

 

For the United States increased its estimate of the soybean crop, compared with July estimates from 114.6 to 118,6 million tonnes, which is significantly higher than collected in 2019/20 Mr $ 98.7 million tons.

 

in addition, forecasts of soybean production increased in comparison with the previous year for China from 15.97 to 17.7 million tonnes, India with 8.5 to 10.3 million tonnes, but lowered for EU countries – from 2.72 to 2.48 million tons.

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