NEW DELHI, May 9: US soybean net sales were at 428,900 MT for the week ended May 2 in the marketing year 2023/2024 starting September 1, up 4 percent from the previous week and 21 percent from the prior 4-week average.
US soybean net sales were at 414,000 MT for the week ended April 25.
Increases were primarily for unknown destinations (168,800 MT), Egypt (70,800 MT, including 30,000 MT switched from unknown destinations and decreases of 8,200 MT), Turkey (60,000 MT), Algeria (45,000 MT), and China (18,000 MT).
Net sales of 4,600 MT for 2024/2025 were reported for Japan (2,600 MT) and Taiwan (2,000 MT).
Exports of 304,500 MT were up 13 percent from the previous week, but down 27 percent from the prior 4-week average.
The destinations were primarily to China (91,500 MT), Egypt (84,800 MT), Mexico (50,200 MT), Indonesia (23,400 MT), and Japan (14,800 MT).
Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 3,300 MT are for Canada (1,400 MT), Taiwan (900 MT), Bangladesh (500 MT), and Malaysia (500 MT).
Soybean Cake and Meal
Net sales of 209,300 MT for 2023/2024 were up 60 percent from the previous week and 11 percent from the prior 4-week average.
Increases primarily for Saudi Arabia (30,000 MT), Algeria (30,000 MT), unknown destinations (19,600 MT), Mexico (18,200 MT, including decreases of 5,700 MT), and the Philippines (17,000 MT), were offset by reductions primarily for Guatemala (6,100 MT), Trinidad and Tobago (2,000 MT), Burma (500 MT), Nepal (400 MT), and Indonesia (300 MT).
Net sales of 19,200 MT for 2024/2025 were reported for Canada (16,800 MT) and the Philippines (2,400 MT).
Exports of 235,000 MT were down 21 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to the Philippines (99,000 MT), Venezuela (39,200 MT), Colombia (19,800 MT), Canada (19,700 MT), and Mexico (18,500 MT).
Soybean Oil
Net sales of 11,600 MT for 2023/2024 were up 61 percent from the previous week and 66 percent from the prior 4-week average.
Increases were reported for Jamaica (7,000 MT), Canada (3,800 MT), and Mexico (800 MT).
Total net sales of 4,600 MT for 2024/2025 were for Canada. Exports of 1,900 MT were down 18 percent from the previous week and 8 percent from the prior 4-week average. The destinations were to Mexico (1,300 MT) and Canada (600 MT).
(By Commoditiescontrol Bureau; +91-9820130172)
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