USDA forecasts moderate growth in world oil meal trade (August)
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Last Update: 2002-08-16
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Source: Internet
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Author: User
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Introduction: USDA released its August agricultural product supply and demand report on Monday, USDA released its August agricultural product supply and demand report on Monday In the report, USDA's expectation for meal category is as follows: the trade volume of vju oil meal is expected to increase by 2.2% moderately, mainly due to the increase of 140% in soybean meal trade In addition, the trade of sunflower seed meal and fish meal also increased Due to the increased supply of vju, Brazilian and Argentine soybean meal exports will increase by 16% and 9% respectively US soybean meal exports will fall 12% to 6.1 million tons due to tight soybean supply and increased competition The world trade in sunflower seed meal is expected to increase by 6% to 2.7 million tons, with most of the growth coming from Argentina, Eastern Europe and Russia.
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