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On February 6, the Government of Indonesia (GOI) announced it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies ahead of Ramadan and Eid festivities.
Due to the recent ban on genetically engineered (GE) commodity imports, the 2022/23 soybean import forecast is reduced from 2.5 to 1.2 million tons. With the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly.
Indonesia 2022/23 palm oil consumption is expected to rise to 19.4 million metric tons (MMT) on increased use for biodiesel production, as the Government of Indonesia (GOI) rolls out higher blending rates for its 2023 mandatory biodiesel blending program.
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.
Hungary is a resilient, export-driven economy with the second fastest economic growth in the EU in 2019.
Germany has 83 million of the world’s wealthiest consumers and is by far the biggest market in the European Union.
This report is written for U.S. companies interested in doing business in Greece.
Total grain and feed (including oil-seed meal) consumption in New Zealand is currently estimated at around 5.8 to 5.9 million metric tons (MMT).