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MY15/16 soybean imports are forecast at 79 million tons, slightly higher than the previous year.
Post reduced its 2015/16 production forecast to 98 million metric tons (mmt). Dry and hot weather in central and northeast Brazil is having an impact in the progress of the crop.
China is the second largest market for planting seeds after the United States. It is self-sufficient in planting seeds for grains, but imports some grass, vegetable, and fruit seeds.
News and consumer trends in South Korea’s food market.
According to the Bank of Guatemala (BANGUAT), the food processing industry in Guatemala for year 2015, will grow 3.5 percent and will contribute 0.67 percent to the total GDP.
On December 14, Taiwan’s Legislative Yuan amended legislation to withdraw genetically engineered (GE) food products from school meals.
Italy’s biodiesel capacity stands at approximately 2 Million Metric Tons (MMT). Italian biodiesel operators include two categories: biodiesel producers and oilseed crushers.
On December 29, 2015, the government of Argentina eliminated the export permit system known as the Register of Export Operations (ROEs) for grains and oilseeds, replacing it with a reporting mechanism
The Tunisian Ministry of Agriculture estimated olive oil production for MY 2014/15 at 320,000 MT, which is a record high.
The beginning of marketing year 2015/16 features higher production volumes for sunflower seeds and soybeans, while rapeseed production is lower compared to the previous marketing year.
Post maintained its 2015/16 production forecast to 98.5 million metric tons (mmt), a record. Area planted for soybeans in Brazil is estimated at 33 million hectares.
Continued growth in Thailand livestock and poultry sectors is fueling larger-than-expected growth in soy protein demand.