Brazil: 2009/10 soybean oil exports seen down on year

Oil World estimates Brazil to produce 6.4 mln t of soybean oil 2009/10 (Oct./Sept.) which is up from 6.2 mln t in 2008/09 and 6.2 mln t in 2007/08. Exports are expected to be down to 1.5 (1.9; 2.4) mln t. Soybean oil used for biodiesel production is estimated at 1.7 mln t which is up from 1.0 mln t in 2008/09.
(Oil World, July 8, 2010)