India: Oilseeds and Products Update
Post revises its soybean production estimate for marketing year (MY) 2013/14 (October-September) to 9.5 MMT, a decrease of 1.0 million metric tons (MMT). Consequently, ending stocks are also revised lower to 1.0 MMT, the lowest in the last decade. Oil meal exports in MY 2014/15 are revised down from 4.8 MMT to 4.1 MMT to reflect lower than anticipated soybean meal exports. The soybean meal PSD (Table 2) is updated to reflect more correct extraction rates and usage.
India: Oilseeds and Products Update
