China: Oilseeds and Products Update
Post’s August forecast for MY14/15 total oilseed production is 56.8 million tons, down by 3.3 percent from an estimated 58.7 million tons in MY13/14, primarily due to lower cottonseed production. Despite a short drop in oilseed product consumption in MY13/14, total oilseed demand continues to grow, particularly for soybeans, with total imports estimated at 69 million tons in MY13/14 and 72 million tons in MY14/15.
