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Oilseed production is expected to rebound in marketing year (MY) 2021/22, as high international prices should encourage farmers to increase their soybean planted area.
Soybean meal demand for feed use is forecast to increase in MY2021/22 as the swine herd repopulates from the impacts of African Swine Fever, along with a forecasted increase in poultry production and bovine herd expansion.
2021/2022 Paraguayan soybean production is projected at 10
The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.
The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22
Post estimates Malaysian crude palm oil (CPO) production in marketing year (MY) 2020/21 at 19
For marketing year (MY) 2021/22 oilseeds will continue to remain a top planting choice for Ukrainian farmers due to higher profitability compared to grains
Bangladesh’s feed industry is currently recovering from a difficult marketing year (MY) 2019/20 (i.e., July to June).
FAS Sofia expects Bulgarian oilseed production to rebound in marketing year (MY) 2021/22.
Post predicts that South Africa’s positive trend in soybean plantings will continue in the 2021/22 MY in line increased local crushing capacity.
Post forecasts that Brazilian producers will expand soybean planted area to reach 40 million hectares (ha) in 2021/22 season, up from the estimated 38.5 mn ha planted in the 2020/21 season.
Marketing year 2019/20 was another record year for U.S.-origin soybean exports to Egypt.