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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.

Pakistan’s soybean imports during MY 2018/19 reached 2 million tons, eight percent lower than last year.

Ukraine signed a Protocol for veterinary and phytosanitary requirements for exports of rapeseed meal to China.

Salvadoran restaurants and hotels continue to benefit from growth in the tourism sector, especially the business/convention and emerging surf sectors.

During 2019, the Salvadoran retail sector, valued at approximately $4.5 billion, continues to show positive signs of growth as supermarkets and discount stores have expanded operations.

The United States is the Philippines’ largest supplier of agricultural products with a 28 percent market share.