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Total production of rapeseed in MY 2016/17 is forecast to decrease by 4 percent to 170,000 MT in comparison to MY 2015/2016.
Taiwan’s demand for soybean meal destined for animal feed continues to be the driving force behind Taiwan’s soybean imports.
The Post New marketing year (MY) 2016/17 total Mexican oilseed production forecast increased to 505,000 metric tons (MT) based on favorable weather conditions and a slight increase in harvested area.
Despite a gradual annual decline in Japanese demand for oil, improved crushing margins in marketing year (MY) 2015/16 have made domestically produced soybean meal more competitive...
Total European Union oilseeds area in MY 2016/17 is forecast to increase by about 1.6 percent to almost 12 million hectares.
Pakistan’s MY 2016/17 vegetable oil imports are forecast to be a record 3.3 million metric tons, up 9.6 percent from a year ago.
Post forecasts lower soybean production on decreased area and a return to historical yield levels for 2016/17.
Assuming a normal 2016 monsoon (June-Sept), India’s total oilseed production in marketing year (MY) 2016/17 (Oct-Sept) will reach 35.4 million metric tons (MMT), a ten-percent over last year.
The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.
FAS/Moscow forecasts Russia’s 2016 production of three major crops (sunflowerseed, soybeans, and rapeseed) at 13.25 million metric tons (MMT), a 4 percent increase from last year.
In MY14/15 China continued dominating the global oilseeds market, retaining its status as the world's largest importer of soybeans.