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October, 2008
Source:
USDA/FAS Circular Series FOP 10-08
Brazil’s soybean exports have
stagnated in recent years as domestic use of soybean meal and
oil has grown. Brazil has emerged showing the second largest
growth in soybean meal use, accounting for 14 percent of
total growth in global soybean meal consumption. A growing
economy and expanding exports of pork and poultry are driving
consumption. Rising biodiesel production, up 12-fold since 2006,
is adding significantly to soybean oil consumption growth. The
increase in the admixture mandate to 3 percent, effective July,
will likely accelerate further expansion in biodiesel production
and soybean oil use.
Full report:
http://www.fas.usda.gov/oilseeds/circular/2008/Oct/oilseedsfull1008.pdf
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