Oil processing slows on South American woes, analyst says

04/3/2012 | Bloomberg Businessweek

Research firm Oil World says that processing of 10 oilseeds may increase more slowly in the coming months as poor weather in South America continues to damage crops. Oilseed processing may only rise 2.4% in April to September from the year prior, compared with the 5.1% year-over-year gain during the January to March period. Soybean production in Brazil and three other South American nations is expected to reach a three-year low.

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