COMMODITY BRIEFS

COMMODITY BRIEFS

W. EUROPEAN DEMAND

FOR SOYBEANS INCREASESROTTERDAM, Netherlands - Stronger demand for soybeans as some buyers switched from rapeseed and sunseed have boosted net soybean imports in Western Europe in the past quarter, the Hamburg, West Germany-based weekly newsletter Oil World said in its latest edition.

It said net imports of soybeans into Western Europe should amount to 3.7 million metric tons during the January-March period, a rise of 800,000 metric tons or 28 percent from the same period a year earlier. An import level of 3.7 million metric tons will be the highest quarterly import volume for more than two years, it said.

During 1988-89 (October- September), net soybean imports fell 18 percent, and during the 1989 (July- September) period were still 5 percent lower than the same period a year earlier.

However, Oil World said that during October-December, imports began to pick up, rising 8 percent from the year before to 3.2 million metric tons.

Oil World said that much of the current upswing in soybean imports came

from Spain, where soybean crushing is rebounding significantly.

AUSTRALIANS EXPECT

RISE IN PIG SLAUGHTER

SYDNEY, Australia - Australian pig slaughterings will rise 3 percent to 5.14 million head in 1990-91 (July-June), the Australian Bureau of Agricultural and Resource Economics predicted Tuesday.

The slaughterings would correspond with a 2 percent rise in the number of sows from 358,000 to 365,000 and produce a 3 percent rise in pork production to 325,000 metric tons, Abare said in the latest edition of its Agriculture and Resources Quarterly.

Australian pork consumption is expected to rise slightly to 18 kilograms per person in 1990-91 because of the rising prices of beef and lamb, Abare said.

Abare estimates:

1990-91 1989-90 Sow numbers 365,000 358,000

Slaughterings 5,140,000 5,000,000

Production 325,000 315,000

*Consumption (kg) 18.0 17.7

Saleyard price (kg) A$6.7 A$7.0

-metric tons *-per person