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- (-) Oilseeds (excl. soybean)
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After a lengthy interagency review, Indonesia’s Ministry of Agriculture released updated oil palm area data, significantly increasing overall plantation hectares.
2019/20 soybean planted area is forecast at 18 million hectares and production is forecast at 53 million tons, unchanged since September.
Post forecasts crude palm oil (CPO) production in marketing year (MY) 2019/20 at 20.6 million metric tons (MT).
In the past decade, India has emerged as a major agricultural exporter, with exports climbing from just over $5 billion in 2003 to a record of more than $39 billion in 2013.