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On October 17, 2023, the People’s Republic of China (PRC) National Crop Variety Registration Committee (CNCVRC) published the first-ever variety registration list for genetically modified (GM) corn and soybeans. The list includes 37 GM corn varieties...
On October 17, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published the revised "Administrative Measures on Labeling Agricultural Genetically Modified Organisms (GMOs) (Draft for Comments)." Significant updates in the revised draft...
U.S. soybean meal exports set a record at an estimated 13.2 million tons in MY 2022/23 (Oct-Sep), valued at nearly $7 billion, driven by increased soybean crush to supply feedstock oil for growing U.S. biomass-based diesel production.
Pursuant to General Administration of Customs of the People’s Republic of China (GACC) Department of Animal and Plant Quarantine (DAPQ) requirements, exporters of “minor oilseeds” and/or “select oil crops” are required to register exporting facilities prior to product shipment.
Post increased its forecast for soybean planted area to 45.4 million hectares for 2022/23, up previously from 45.2 million hectares.
After slow growth during the first half of 2023, Vietnam’s economy is on a path to recovery. Post has revised Vietnam’s feed consumption forecast to 26.6 MMT in MY2022/23 matching levels in MY2021/22.
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.
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.