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On May 24, 2022, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade issued Public Notice No. 10/2015-20 (May 24, 2022) (see, Appendix I). The public notice specifies that India is allocating a tariff-rate quota (TRQ) of 2 million metric tons (MMT) for crude soybean oil and a similar TRQ of 2 MMT for crude sunflower oil in India fiscal year (IFY) 2022/23 and in IFY 2023/24. The Indian government’s measure is meant to address the high domestic prices of edible oils, and to check rising food inflation.

On May 2, 2022, the Ministry of Consumer, Food and Public Distribution, through the Directorate General of Foreign Trade announced approval for the importation of an additional 550,000 metric tons (MT) of soybean meal (including GE derived).

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.

Oilseed production is met with mixed expectations in 2022. Total soybean production is forecast to increase slightly due to higher planted area in marketing year (MY) 2022/23. However, the cancellation of federal commercialization support programs...