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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.
South Africa produced a historical-high summer oilseed crop of 2.5 million tons in the 2017/18 MY with a further increase in oilseed production projected for the 2018/19 MY to 2.6 million tons.
Post forecasts that a record area of 1.6 million hectares will be planted with oilseeds in South Africa later in 2018, for the 2018/19 MY, which is predominantly driven by increased soybean plantings.
The Agricultural Economic Fact Sheet for South Africa has been updated to include calendar years 2014, 2015 and 2016 (estimate). South Africa is battling one of the worst droughts ever recorded...
A strong economic outlook, growing middle class and surging demand for consumer-oriented foods make Sub-Saharan Africa one of the fastest-growing regions for U.S. agricultural exports.