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This report contains FAS Nur-Sultan’s revised production forecasts for MY2020/21 as well as trade estimates for MY2019/20.

On October 16, Brazil announced that it would suspend the import tariffs on corn, soybeans, soy meal, and soy oil from countries outside the Mercosur trade bloc.

In 2020, Vietnam had to confront dual COVID-19 and African Swine Fever outbreaks, which affected both animal feed demand and domestic oil consumption.

On September 28, the European Commission (EC) approved Bayer’s herbicide tolerant soybean MON 87708 x MON 89788 x A5547-127, also known as XtendFlex.®

Post maintains its forecast for soybean planted area at 38.5 million hectares (ha) for 2020/21, up from 36.9 million ha in 2019/20.

Turkey’s Marketing Year (MY) 2020/21 sunflowerseed area and production is estimated at 720,000 hectares and 1.56 million MT (MMT).

Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 1 million metric tons (MT) to 19.7 million MT.

Oilseed planted area is forecast to climb by nine percent in Marketing Year (MY) 2017/18.

2016/17 Paraguayan soybean area is forecast to grow marginally to 3.33 million hectares, an increase of 1 percent.

Prospects for Algeria’s wheat and barley crop remain mostly average despite multiple bouts with dryness throughout the year and with the next 30 days being a critical period.

Mexican oilseed production is expected to fall in marketing year 2017/18, as reduced government support and other factors make alternative crops more attractive for farmers.

The U.S. - Peru Trade Promotion Agreement (PTPA) has served to generate a continuing symbiotic trade relationship between the United States and Peru that shows no signs of diminishing.