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Post increased its forecast for soybean planted area to 40.5 million hectares for 2021/22, up from 39 million hectares in 2020/21.
On October 1, 2021, Mexico published a tariff rate quota (TRQ) applicable to soybean imports from all trading partners, which took effect immediately and will be in force through December 31, 2021.
Post lowers its MY 2021/22 projected planted area for soybeans to 17.0 million hectares. This reduction of 500,000 hectares will translate to total projected production of 49.7 million metric tons, 2.3 million metric tons below the USDA Official estimate.
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.
Post is adjusting its MY 2021/22 crude palm oil (CPO) production forecast down 1.5 million metric tons (MT) from the USDA Official estimate to 18.2 million MT.
Vietnam continues to struggle through its fourth Covid-19 outbreak which began in May 2021. The latest, and most severe outbreak has negatively affected the livestock and aquaculture sectors, as well as total feed demand due to strict government regulations and restrictions.
Turkey’s marketing year (MY) 2021/22 sunflower seed area and production is estimated at 760,000 hectares and 1.75 million metric tons (MMT) respectively.
While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,
The harvest of grains and rapeseed in the Czech Republic ended in the first week of September. Estimates are optimistic that the production of grains will reach above the 10-year average.
Following the conclusion of Bulgaria’s rapeseed harvest in late July, Ministry of Agriculture (MinAg) and industry reports indicate lower than expected yields and production.
Although oilseed growers in western and central Romania benefited from early-summer precipitation, farmers in eastern Romania experienced significant drought conditions throughout the growing season.