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June 2001 Edition
World Soybean Export Forecast for 2000/01 Increased 1.3 million tons in June
Strong world demand,
encouraged in part by attractive prices, led to an increase in
the 2000/01 world soybean export forecast to 50.95 million tons
this month. U.S exports are forecast to reach a record 27.08
million tons this year, up 140,000 tons from May’s forecast
due to continued strong sales. Brazil’s export forecast for
2000/01 (Oct - Sep) was increased 600,000 tons this month in
conjunction with a one-million-ton-increase in forecast soybean
production to a record 37.5 million tons. A larger area and
improved yields led to the increase. Argentina’s soybean
export forecast for 2000/01 (Oct - Sep) was increased 500,000
tons this month to 6 million tons in response to strong soybean
demand, particularly in China. As has been the case for most of
the year, strong import demand for soybeans by China continues to
play an important role in the market. China’s total imports
are currently forecast to reach 11.5 million tons in 2000/01, an
increase of one million tons from the May forecast.
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Approved by the World Agricultural Outlook Board/USDA
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