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On October 17, 2023, the People’s Republic of China (PRC) National Crop Variety Registration Committee (CNCVRC) published the first-ever variety registration list for genetically modified (GM) corn and soybeans. The list includes 37 GM corn varieties...
On October 17, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published the revised "Administrative Measures on Labeling Agricultural Genetically Modified Organisms (GMOs) (Draft for Comments)." Significant updates in the revised draft...
Post increased its forecast for soybean planted area to 45.4 million hectares for 2022/23, up previously from 45.2 million hectares.
After slow growth during the first half of 2023, Vietnam’s economy is on a path to recovery. Post has revised Vietnam’s feed consumption forecast to 26.6 MMT in MY2022/23 matching levels in MY2021/22.
The People’s Republic of China (PRC), State Administration for Market Regulation (SAMR) and Standardization Administration have published the final version of National Standard for Soybeans (GB1352-2023), which will take effect on December 1, 2023.
This report updates several sections of the European Union’s “Oilseeds and Products Annual” report released in April 2023.
India’s soybean oilseed and rapeseed production estimates for marketing year (MY) 2022/23 (October-September) increased to 12.4 and 11.8 million metric tons (MMT) respectively due to favorable weather conditions.
Soybean imports are raised to a record 101 million metric tons (MMT) in marketing year (MY) 22/23 on surging imports, which reached 84.3 MMT through July.
El-Nino weather patterns, which bring less rain than normal, are expected to peak in August to September 2023.
Post estimates MY 2022/2023 soybean production at 21.25 million metric tons (MMT), 3.75 MMT below the official USDA estimate on lower than expected yields.
Malaysia was the 26th-largest export destination for U.S. agricultural products in 2022, totaling nearly $1.1 billion in value, and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry.
For 2023/24, Post forecasts soybean planted area at 45.2 million hectares (ha), and production at 159 million metric tons (MMT), based on a yield of 3.52 mt per ha.