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On September 26, 2023, U.S. Ambassador Sung Y. Kim participated in the opening of one of the largest tempeh exporting factories in the world located in Bogor, Indonesia. This new factory, belonging to Tempe Azaki, will increase the company’s current...
Strong exports from Brazil pushed China to a record 100.85 million metric tons (MMT) of soybeans imports in marketing year (MY) 22/23. Imports are forecast to reach similar levels in MY 23/24 on sustained demand from the feed sector.
Pursuant to General Administration of Customs of the People’s Republic of China (GACC) Decree 177 of 2016, all overseas production, processing and storage enterprises are required to register with GACC prior to exporting “grains” including soybeans, corn, wheat, barley, sorghum, and oats – including edible grains.
Turkiye announced a three-month export ban on olive oil in bulk and in barrels due to the shortage of olive oil production in Mediterranean countries and subsequent negative effects on domestic prices.
Post estimates that South Africa will produce a record rapeseed (locally called canola) crop of 220,000 metric tons in marketing year 2023/24.
El-Nino weather patterns, which bring less rain than normal, are expected to peak in August to September 2023.