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For the 2019/20 harvest, Post forecasts a modest soybean planted area expansion to 37 million hectares, up from 36.2 million hectares in the current season.
Kenya is an emerging middle-income country and has one of the best performing economies in sub-Saharan Africa.
The Government of Bolivia approved two new genetically engineered events for soybeans in April 2019.
In 2018, the United States and Morocco negotiated terms for U.S. poultry and beef market access, which could be an opportunity for U.S. exporters to target the food-processing sector.
The Indian Meteorological Department (IMD) published its second long-range forecast predicting a normal Southwest Monsoon (June to September) for 2019.
Nigeria’s animal feed sector remains underdeveloped, largely due to high production costs.
In contrast to the huge drought-related losses in grain production, Ethiopia’s production of major oilseeds is expected to increase to nearly 790,000 metric tons in MY15/16 (Oct-Sep).
Canada's oilseed production for 2016/2017 is forecast to drop to 21.5 million metric tons (MMT), down 2.0 million tons from 2015/2016, mostly driven by lower canola production.
2016/17 Paraguayan soybean area is forecast to grow marginally to 3.33 million hectares, an increase of 1 percent.
Oilseed planted area is forecast to surge in Marketing Year (MY) 2016/17.
Due to an extreme drought oilseed production in South Africa is expected to decrease by 20 percent in the 2015/16 MY to 1.4 million tons.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.