Brazil soybean output forecast up 3.2pc at 110.7mn t

SAO PAULO: Oilseeds industry group Abiove on Thursday raised Brazil's 2016/17 soybean output forecast to 110.7 million tonnes, a 3.2 rise from an estimate released in March, according to a statement.

Abiove also raised Brazil's soybean export forecast to 60.3 million tonnes, a slight 0.8 percent increase from the previews estimate, the statement said.