IGC predicts an increase in soybean production in the season 2016/17 MG

Analysts IGC, in its September report forecast the growth world production soybean 315 million in 2015/16 MG to 329 million tons in the season 2016/17 MG through the increase of cultivated areas and improve productivity.

Due to the increased demand for soy products, world consumption soybeans to increase by 3% to 331 million tons and exceeds production volume. As a result, for the second season in a row, reduced the number of carryover stock.

it is Expected that the total reserves of the largest exporters will increase slightly due to the accumulation of products in the United States.

the Largest in the entire history of observations can be the volume of world trade, mainly due to shipments to Asian countries. Almost 80% of sales will be invested in the United States and Brazil.

the Forecast of soybean production major exporting countries will increase from 261,2 million tons in the season 15/16МР to 269 million tons in 2016/17 MG. Most likely to increase US production – with 106.9 the to 113 million.

the Brazilian Association of grain exporters ANEC has reduced its forecast of soybean exports from the country this year. According to a new balance instead of the previously expected exports to 57 million tons of soybeans will be realized only 52 million.