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March Closes With Massive Soy Stocks
BRASILIA - May 13/02 - STAT -- Brazil's soybean industry recorded a relatively strong March for product usage rates, lifting usage levels for the first quarter of the 2002 calendar closer to year earlier figures, according to data compiled by the Brazilian Association of Vegetable Oil Industries (ABIOVE).
The total quantity of soybeans crushed during March reached 1.87 million metric tons (MT), a solid improvement on the 1.71 million crushed during the same month last year. Crush activity during the month was just 1,000 MT behind levels reported in March, 2000.
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