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Post expects slower growth in the vegetable oil and oil meal sectors in MY 2018/19, given potential declines in consumer purchasing power and general economic uncertainty.
Steady economic growth in Japan is forecast to contribute to moderate growth in vegetable oil production and consumption in marketing years 2017/18 and 2018/19.
Total EU oilseeds area and production in MY 2018/19 is forecast slightly upward due to increasing acreage of all three major oilseeds (rapeseed, soybean and sunflower).
India is expected to produce 6.4 million metric tons (MMT) of rapeseed and mustard in marketing year (MY) 2017/18 (Oct-Sept) on 6.7 million hectares.
Post forecasts that a record area of 1.6 million hectares will be planted with oilseeds in South Africa later in 2018, for the 2018/19 MY, which is predominantly driven by increased soybean plantings.
Pakistan’s imports of oilseeds are expected to exceed edible oil imports for the first time ever in marketing year 2017/18, reflecting the growing importance of oilseed meals....
The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.
Soybean area and production levels for MY 2018/19 (July-June) are projected to increase to 80 thousand hectares (HA) and 152 thousand metric tons (MT) respectively, due to a switch from Boro rice....
Slow feed demand growth will limit Thailand’s imports of soybean meal in MY2017/18 and MY2018/19, but have less impact on Thai imports of soybeans.
China is the largest oilseed importer in the world with total oilseed imports at 98.42 million tons (MMT) in MY16/17.
Palm oil production is expected to increase from 38.5 million tons in 2017/18 to 40.5 million tons in 2018/19.
Canadian area seeded to canola in marketing year 2017/18 exceeded area seeded to wheat for the first time ever.