Oilseeds

During a national oilseeds conference, industry representatives noted that domestic oilseed production increased from 2.5 million hectares in 2020 to 3.4. million hectares in 2022, and they further expect production to reach 5 million hectares by 2027.

Dashboard that demonstrates the scope of Black Sea grain and oilseed trade. Millions of tons of grain are shipped through these international waters each year, making the Black Sea region a major supplier of agricultural commodities worldwide.

Post forecasts MY2023/24 palm oil production up by 20 percent over the current marketing year’s estimate. Total domestic consumption is forecast marginally up, imports are expected to drop by 14 percent due to increased domestic production, but exports are forecast significantly up compared to the current marketing year’s estimate.

Private exporters reported sales of 225,000 MT of soybean cake and meal for delivery to the Philippines during MY 2022/2023.

Today USDA's Foreign Agricultural Service released a dashboard that demonstrates the scope of Black Sea grain and oilseed trade.

Private exporters reported sales of 100,000 MT of soybean meal for delivery to Poland during MY 2022/2023.