Monday, June 8, 2009

Breaking News-RTRS-UPDATE 1-Brazil 08/09 soy crop trimmed to 57.4 mln T-Abiove

SAO PAULO, June 5 (Reuters) - Brazil's 2008/09 (Oct-Sept) soybean crop that just finished harvesting in the past weeks was estimated at 57.4 million tonnes, down slightly from the 57.7 million tonnes projected in April, Vegetable Oils Industry Association (Abiove) said Friday.
In the commercial year of 2009/10 (Feb-Jan) for the industry, Abiove revised upward its forecast for exports of whole beans to 24.8 million tonnes from 24.5 million tonnes estimated two months ago.
The association gave no reason for the revision in its forecast in the report released Friday.