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Post projects marketing year (MY) 2024/2025 soybean production at 10.3 million metric tons (MMT) with increased planted area of to 3.59 million hectares on increased second crop planting.
The Black Sea region is a significant supplier of agricultural commodities to the world. Over the past year, global grain and oilseed markets have been roiled by the ongoing military conflict in Ukraine.
Post projects marketing year (MY) 2023/2024 soybean production at 10 million metric tons (MMT) as planted area rises to 3.55 million hectares and Paraguay returns to trend for yield. MY 2023/2024 exports are projected at 6.4 MMT.
Post projects marketing year (MY) 2022/2023 soybean production at 10 million metric tons (MMT) on 3.45 million hectares as Paraguay rebounds to more normal conditions following a significant drought. MY 2022/23 exports are projected at 6 MMT.
A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
A package of export restricting measures aimed at the oilseeds market is expected to dampen the trend of increasing oilseed production in Russia.
The Russian Federation recently extended the waiver on a previously established ban of imports of some GE soybeans and soybean meal without state registration to January 1, 2022.
2021/2022 Paraguayan soybean production is projected at 10
As part of its package of measures to reduce food prices adopted in December 2020, the Russian government issued a number of decrees to restrict exports of some grains and oilseeds...
EEC authorities plan to extend the current restriction on exports of sunflower seeds outside EAEU countries through August 31, 2020 in order to “stabilize prices for sunflower oilseeds...
On June 2, 2020, the Eurasian Economic Commission (EEC) issued EEC Collegium Decision No. 71, amending its temporary ban on exports of some food products from the EAEU to exclude soybeans...
On April 29, 2020, the Russian Ministry of Agriculture provided explanations to the industry and related associations on imports of genetically engineered (GE) soybeans and soybean meal...