Oilseeds
U.S. Oilseeds Exports in 2021
Total Export Value
$35.98 Billion
Total Volume (Millions)
67 Metric Tons
3-Year Average
$31.38 Billion
Compound Average Growth
0.71% (2012-2021)
Top 10 Markets for Oilseeds in 2021
Market | Total Value (USD) |
---|---|
China | $14.16 Billion |
Mexico | $3.86 Billion |
European Union | $2.69 Billion |
Japan | $1.52 Billion |
Egypt | $1.47 Billion |
Canada | $1.26 Billion |
Indonesia | $1.14 Billion |
Philippines | $1.04 Billion |
Colombia | $818.82 Million |
Taiwan | $776.85 Million |
Data and Analysis
Dry weather and high temperatures in the last months of 2022 have damaged the Marketing Year (MY) 2022/23 Argentine soybean crop, particularly affecting first crop soybeans within a 125 kilometer radius of Rosario, Santa Fe Province.
Attaché Report (GAIN)
India: India Discontinues Tariff Rate Quota on Soybean Oil and Extends Lower Duty in Refined Palm Oil Policy
On January 11, 2023, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade (DGFT) issued Public Notice No. 50/2015-20. The notice specifies that India amended its previous tariff-rate quota of 2 million metric tons for crude soybean oil, previously allowable at a zero percent duty through Indian fiscal years (IFY) 2022/23 and 2023/24 (April 1-March 31).
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
News and Features
Private exporters reported sales of 132,000 MT of soybeans for delivery to unknown destinations during MY 2023/2024.
Private exporters reported sales of 106,000 MT of soybeans for delivery to China during MY 2023/2024.
Private exporters reported the following activity for MY 2022/2023: 100,000 MT of corn for delivery to unknown destinations and 130,000 MT of soybeans for delivery to unknown destinations.
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