Browse Data and Analysis

FAS/Pretoria’s Oilseeds and Products annual report provides information on the production, supply, and distribution for soybean, sunflowerseed, and rapeseed in South Africa for marketing year (MY) 2023/24, MY 2024/25, and MY 2025/26.

After two consecutive years of short olive oil production, MY 2024/25 olive oil output in the EU is expected to revert to average levels on good flowering conditions and a mild summer. Fall precipitation will be critical to final production volumes.

Soybeans from the United States are once again eligible to enter South Africa. After a mid-summer drought that caused a 35 percent drop in production, South Africa needs to import soybeans to supplement domestic production and maintain crushing demand.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

MY 2024/25 European Union oilseed production is forecast to decline by about one percent over the previous year with good yields. This forecast is based on the assumption of average growing conditions, lower, more average yields, but increased area which cannot make up for the lower yields.

Post forecasts that South Africa’s oilseed area will be maintained at elevated levels in marketing year 2024/25. South Africa’s summer rainfall oilseed crops in marketing year 2023/24 have been affected by an El Niño induced mid-summer drought, resulting in an expected major drop in crop volumes, creating an optimistic outlook for higher crop area in marketing year 2024/25.

In MY 2023/24, the EU is facing a second consecutive short olive oil production crop.

This report updates several sections of the European Union’s “Oilseeds and Products Annual” report released in April 2023.

Post estimates that South Africa will produce a record rapeseed (locally called canola) crop of 220,000 metric tons in marketing year 2023/24.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

MY 2023/24 European Union oilseed production is forecast to increase by over four percent over the previous drought affected year.

South Africa has experienced an upsurge in oilseed plantings over the past 20 years with a near nine-fold expansion in soybean area. Post foresees that the positive trend in soybean plantings will continue in marketing year 2023/24 with area and oilseed production reaching historically high level of 1.8 million hectares and 3.6 million metric tons, respectively.