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While there is still considerable uncertainty regarding implementation, in January 2024 the government approved a system allowing for the resumption of genetically engineered commodity imports.

Due to uncertainty regarding policy on imported soybeans, the 2022/23 soybean import forecast is reduced from 2.5 to 2.2 million tons. Due to the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly. Reflecting continued decline in consumer purchasing power due to record level inflation, the forecast for 2022/23 palm oil imports is also reduced.