Browse Data and Analysis

Bulgarian farmers planted higher area under rapeseed in marketing year (MY) 2022/23 due to attractive and consistently increasing prices.

Only limited growth in soybean and vegetable oil imports is forecast for 2021/22. Rising prices and changes in taxation policies are hindering demand for meal from the poultry sector and capping growth in edible oil demand.

Indonesia kicked off 2022 by rolling out several market intervention policies in response to recent rising prices for cooking oil. From January 19-31, 2022, Indonesia implemented a temporary cooking oil subsidy program utilizing the Crude Palm Oil (CPO) fund, the same funding source that subsidizes the biodiesel mandate program.

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).