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NEW DELHI, Nov 2 : US soybean net sales were at 1,010,000 metric tonnes (MT) for the week ended October 26 in the marketing year 2023/2024 starting September 1, down 27 percent from the previous week and 13 percent from the prior 4-week average.
US soybean net sales were at 1,378,200 MT for the week ended October 19.
Increases were primarily for China (976,800 MT, including 587,000 MT switched from unknown destinations and decreases of 83,900 MT), South Korea (61,000 MT, including 62,000 MT switched from unknown destinations and decreases of 1,100 MT), Japan (58,700 MT, including decreases of 600 MT), Spain (57,700 MT switched from unknown destinations), and Mexico (53,500 MT, including decreases of 13,000 MT), were offset by reductions primarily for unknown destinations (263,000 MT).
Exports of 1,991,400 MT were down 17 percent from the previous week, but up 23 percent from the prior 4-week average. The destinations were primarily to China (1,667,400 MT), Mexico (95,700 MT), South Korea (60,900 MT), Spain (57,700 MT), and Indonesia (24,100 MT).
Exports for Own Account: For 2023/2024, new exports for own account totaling 100 MT were to Taiwan. The current exports for own account outstanding balance of 2,100 MT are for Canada (1,400 MT) and Taiwan (700 MT).
Soybean Cake and Meal
Net sales of 86,400 MT for 2023/2024 primarily for Mexico (42,000 MT, including decreases of 14,100 MT), Colombia (41,800 MT), Honduras (13,900, including 700 MT switched from Costa Rica and decreases of 1,100 MT ), Jamaica (9,900 MT), and El Salvador (8,500 MT), were offset by reductions for unknown destination (60,000 MT), Nicaragua (1,900 MT), and Vietnam (400 MT).
Total net sales of 200 MT for 2024/2025 were for Canada. Exports of 191,400 MT were primarily to the Philippines (52,200 MT), Mexico (41,000 MT), Canada (18,300 MT), Nicaragua (12,900 MT), and Honduras (12,500 MT).
Soybean Oil
Net sales of 1,900 MT for 2023/2024 were primarily for Canada (1,800 MT). Exports of 800 MT were primarily to Canada (600 MT) and Honduras (100 MT).
(By CommoditiesControl Bureau; +91-9820130172)
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