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Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
On Monday, June 24, 2024, the Ministry of Agriculture, Forestry and Fisheries (MAFF) of the Government of Japan (GOJ) opened a public comment period for its revision for domestic field trial requirements of genetically engineered (GE) crops.
Soybean production for MY 24/25 is forecast at 19.6 million metric tons (MMT) based on planted area of 9.95 million hectares (Mha). The relatively low and declining soybean meal (SBM) prices since the beginning of MY 23/24 could encourage more SBM use in feed production.
As of June 1, 2024, Turkiye’s Ministry of Trade has relaxed the ban on the export of bulk and barreled olive oil, allowing up to 50,000 tons of bulk and barreled olive oil to be exported until November 1, 2024. This decision, in response to negative sentiment from domestic industry, is expected to have a positive, though limited, impact on global olive oil prices.
Post revises down its Marketing Year (MY) 2023/24 production estimates to 150 million metric tons (MMT) due to (i) the recent floods in Brazil’s southernmost state of Rio Grande do Sul and (ii) lower yields across several states.
Assuming normal growing conditions through September, soybean production in marketing year (MY) 2016/17 (Oct-Sept) is estimated at 11.5 million metric tons (MMT).
Since the United States entered into the CAFTA-DR trade agreement, U.S. agricultural exports to the six CAFTA-DR countries have more than doubled.
The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) postponed the compliance date for maximum limits of trans fatty acid levels until February 27, 2017.
Czech Grain and Rapeseed crop is described as good or average, showing large variability across regions caused by different weather conditions.
The Brazilian ethanol-use mandate remains unchanged at 27 percent (E27).
Canada has had a federal mandate requiring five percent of the national gasoline pool to be renewable (ethanol) and two percent renewable content in diesel fuel.