April 4 (Reuters) - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Brazil:
"Post estimates drought-reduced soybean production in 2011/12 at 66 million tonnes on 25 million hectares and exports at 29 million tonnes. The La Nina weather phenomenon brought a significant drought to southern Brazil resulting in an 11 percent reduction in 2011/12 crop from earlier estimates of 75 million tonnes.
"Post estimates drought-reduced soybean production in 2011/12 at 66 million tonnes on 25 million hectares and exports at 29 million tonnes. The La Nina weather phenomenon brought a significant drought to southern Brazil resulting in an 11 percent reduction in 2011/12 crop from earlier estimates of 75 million tonnes.
Post forecasts 2012/13 soybean production at a record 77 million tonnes on an increased total area of 26 million hectares. Domestic demand for soybean oil is forecast to increase by 250,000-280,000 tonnes in 2013, should the Government of Brazil increase the biodiesel blend mandate to 7 percent from 5 percent."
