Browse Data and Analysis

Indian Minister of Finance Arun Jaitley announced the annual Indian Union Budget. The 2015 budget aims to achieve higher levels of growth and curb India’s fiscal deficit by boosting investment.

Turkish Marketing Year (MY) 2015 cotton area and production are projected to decline about 12 percent after a short recovery from last year.

The Ministry of Agriculture and Land Reclamation announced it would not directly provide cash subsidies for MY2015/16, after offering such subsidies to farmers for the first time in MY2014/15.

News on developments in agriculture and food in Egypt.

The MY2015/16 wheat crop is reported to be 8 percent higher than last year or approximately 600,000 HA planted area.

Argentine wheat production for crop 2015/16 is forecast down at 12 million tons due to a projected smaller planted area.

Post forecasts 2015/16 soybean area at 20.3 million hectares, marginally lower than Post’s 2014/15 area estimate, though up 2.5 percent from USDA 2014/15 estimates.

The Post New MY 2015/16 total Mexican oilseed production forecast decreased slightly to 482,000 metric tons (MT) based on a slight decrease in harvested area.

Soybean and soybean meal imports are expected to increase in MY2014/15 and MY2015/16.

Export prices further declined about 1 percent, as off-season rice harvest continues to keep supplies large.

Total EU-28 oilseeds production for marketing year (MY) 2015/16 is expected to decline by about 9 percent to 32 million metric tons (MMT).

In a time of tight margins due to lower commodity prices, only soybeans make financial sense.