Most of the producing countries, increases in processing of soybeans, while China reduces

2019-12-23 12:04:27
Machine translation
Most of the producing countries, increases in processing of soybeans, while China reduces

forecast Oil World, the volume of world soybean MG in 2019/20 will increase to 6.6 million tonnes to 306,41 million tonnes, which exceeds 2017/18 MG – 304,6 million tons.

 

Highest processing volume increase, such countries:

Brazil – 2.7 million tonnes to 45.7 million tonnes,

U.S. – 1.3 million tons to 58 million tons.

  • Argentina – 3 million tonnes to 43.6 million tonnes,

 

Capacity of processing will lead to an increased supply of soy Shrestha in the markets of these countries, which will increase competition in the global market. In addition, the EU in 2019/20 Mr will increase soybean processing to 16.62 million tonnes in comparison from 15.99 million tonnes in 2018/19 Mr and of 15.51 million tonnes in 2017/18 MG.

 

at the same time, due to lower demand for soybean meal from toriniku, China will reduce soybean processing with 84,35 million tonnes in the current season to 83 million tons in 2019/20 MG, which is significantly worse record 96,18 million tonnes of the season 2017/18. But it will remain a world leader in soybean processing with a share in total processing volume of 27% in 2019/20 MG, compared to 28% in 2018/19 Mr and 31.6% in 2017/18 MG.

 

most likely to reduce soybean processing India – from 17% to 7.1 million tons.

 

Reduction in demand for soybeans from China, which is its largest importer, and the intentions of the producer countries to increase their own processing to produce products with greater positive value will lead to increasing production of soybean oil and the growth of its domestic consumption to obtain biodiesel.