Browse Data and Analysis

On July 13, 2022, the Government of Vietnam (GVN) issued Decree 46/2022 amending Decree 13/2020 Guiding the Law on Animal Husbandry, which repeals Article 18.3.c of Decree 13/2020. With this amendment, the GVN no longer requires a Certificate Free Sale (CFS) for imported feed ingredients, including traditional feeds such as corn, soybean meal, DDGS, and single feed ingredients like vitamins, amino acids, and minerals, as part of the registration process for import inspection.

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.

Soybean imports for marketing year (MY) 21/22 are revised downward to 94 million metric tons (MMT) due to slower economic growth, high prices, and COVID-related restrictions depressing meal and vegetable oil consumption. Soybean production for MY 22/23 is forecast higher at 18.4 MMT on expanded planted area supported by high prices and government incentives.

Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.

On March 17, the Serbian Government added refined sunflower edible oil to the list of grains and oilseeds that cannot be exported because of their importance to food security. In the same amendment the Serbian Government removed raw sunflower seed oil from the list that is now free for export.

Indonesia palm oil production is expected to reach 46 million metric tons (MMT) in 2022/23 on favorable weather and higher producer profit margins. Palm oil exports for 2021/22 are revised down from the previous update due to the Government of Indonesia’s domestic market obligation (DMO) requirement, which increased to 30 percent from 20 percent.

Due to the poultry industry’s slow recovery and sluggish consumer demand for edible oils, no significant growth in oilseed and edible oil use is forecast for 2022/23. Likewise, soybean, canola, and palm oil imports in 2022/23 are forecast to remain similar to 2021/22 levels.

Rising feed demand coupled with limited availability and higher prices for protein-rich substitutes is expected to increase China’s soybean imports to a record forecast 100 million metric tons (MMT) in Marketing Year (MY) 22/23.

Fishmeal exports reached a surprising 1.2 million metric tons (MMT) in MY 2021, the highest amount in ten years. However, production and exports are forecast to return to more normal levels at 910,000 and 896,000 metric tons, respectively.

On March 2, 2022, the Supreme People's Court of China issued "Guiding Opinions on Further Strengthening the Criminal Trial Work Involving Seeds" (hereinafter referred to as the "Opinions"). The Opinions clarify the general requirements for strengthening seed-related criminal trials, the application of law to seed-related crimes, and improvement of relevant enforcement mechanisms.

Tunisian MY 2022/23 soybean imports are expected to reach 560,000 MT, compared to 555,000 MT in MY 2021/22. Tunisian olive oil exports are forecast to reach 135,000 MT in MY 2022/23, compared to 200,000 MT in MY 2021/22.