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Canada's oilseed production (canola, soybeans and sunflowers) for 2015/2016 is forecast to increase a marginal two percent, assuming normal yields, to 22.1 million metric tons (MMT).
Soybean imports are expected to reach 1.97 MMT, reflecting additional crush capacity and soy meal demand.
FAS/Moscow forecasts Russia’s 2015 production of three major oilseed crops (sunflowerseeds, soybeans, rapeseed) at 13.5 million metric tons (MMT), a 4 percent increase from last year.
Pakistan’s 2015/16 vegetable oil imports are forecast to be a record 2.8 million metric tons, up 12 percent from a year ago.
Post forecasts 2015/16 soybean area at 20.3 million hectares, marginally lower than Post’s 2014/15 area estimate, though up 2.5 percent from USDA 2014/15 estimates.
The Post New MY 2015/16 total Mexican oilseed production forecast decreased slightly to 482,000 metric tons (MT) based on a slight decrease in harvested area.
Soybean and soybean meal imports are expected to increase in MY2014/15 and MY2015/16.
Total EU-28 oilseeds production for marketing year (MY) 2015/16 is expected to decline by about 9 percent to 32 million metric tons (MMT).
In a time of tight margins due to lower commodity prices, only soybeans make financial sense.
Oilseed production in South Africa is expected to decrease by 15 percent in the 2014/15 MY, due to a mid-summer drought that hit the main summer rainfall producing areas.
Indonesian CPO production is expected to reach a record 35 MMT in MY 2015/16 despite the continued slowdown of planting area expansion.
As a result of lower than expected yields during the first half of the marketing year, the 2014/15 palm oil production forecast is lowered to 20 million tons.