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Weekly US sales: Soybean exports jump 49%, meal 66%

29 Jul 2021 6:42 pm
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New Delhi, 29 July (Commoditiescontrol) Exports of soybean were 244,200 MT, up 49 percent from the previous week and 34 percent from the prior 4-week average , said the USD in its weekly report on Thursday. As per the reports, the destinations were primarily to Mexico (106,700 MT), Bangladesh (59,500 MT), Canada (33,200 MT), Japan (20,600 MT), and Indonesia (13,000 MT).

Exports of soybean meal were 242,200 MT, up 66 percent from the previous week and 49 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,500 MT), Ireland (44,000 MT), the Dominican Republic (32,700 MT), Mexico (32,600 MT), and Ecuador (29,100 MT).


Soybeans: Net sales reductions of 79,300 MT for 2020/2021 were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Taiwan (12,800 MT), Mexico (6,100 MT, including decreases of 100 MT), Vietnam (5,800 MT, including decreases of 100 MT), South Korea (4,800 MT), and Bangladesh (4,500 MT), were offset by reductions for Japan (74,800 MT) and unknown destinations (51,500 MT). For 2021/2022, net sales of 312,800 MT primarily for Mexico (160,500 MT), China (121,000 MT), Pakistan (66,000 MT), and Taiwan (21,500 MT), were offset by reductions for unknown destinations (64,000 MT).

Exports of 244,200 MT were up 49 percent from the previous week and 34 percent from the prior 4-week average. The destinations were primarily to Mexico (106,700 MT), Bangladesh (59,500 MT), Canada (33,200 MT), Japan (20,600 MT), and Indonesia (13,000 MT).


Exports for Own Account: For 2020/2021, the current exports for own account outstanding balance is 5,800 MT, all Canada.


Soybean Cake and Meal: Net sales of 87,300 MT for 2020/2021 were up 28 percent from the previous week, but down 40 percent from the prior 4-week average. Increases primarily for the Dominican Republic (32,800 MT), Mexico (25,500 MT, including decreases of 4,000 MT), Colombia (18,000 MT), unknown destinations (18,000 MT), and Canada (11,700 MT, including decreases of 1,400 MT), were offset by reductions for Slovenia (42,000 MT), Panama (5,100 MT), and Belgium (800 MT).


For the year 2021-22, net sales 73,1000 MT were reported for Slovenia (42,000MT), Canada (19,100MT), Panama (7,100MT), Honduras (3,600MT) and Guatemala (1,300MT).

Exports of 242,200 MT were up 66 percent from the previous week and 49 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,500 MT), Ireland (44,000 MT), the Dominican Republic (32,700 MT), Mexico (32,600 MT), and Ecuador (29,100 MT).


Late Reporting: For 2020/2021, exports totaling 1,500 MT of soybean cake and meal were reported late to Panama.


Soybean Oil: Net sales of 2,200 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for Canada (1,300 MT) and Mexico (900 MT). Exports of 1,200 MT were down 58 percent from the previous week and 48 percent from the prior 4-week average. The destinations were to Mexico (900 MT) and Canada (300 MT).

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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