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The Tunisian Ministry of Agriculture estimated olive oil production for MY 2014/15 at 320,000 MT, which is a record high.
The beginning of marketing year 2015/16 features higher production volumes for sunflower seeds and soybeans, while rapeseed production is lower compared to the previous marketing year.
Post maintained its 2015/16 production forecast to 98.5 million metric tons (mmt), a record. Area planted for soybeans in Brazil is estimated at 33 million hectares.
Continued growth in Thailand livestock and poultry sectors is fueling larger-than-expected growth in soy protein demand.
Pakistan continues to expand its imports of soybeans, importing over 500,000 metric tons in 2014/15 (a record), with projected 2015/16 imports of 1.5 million metric tons.
The first tentative post-harvest data on 2015 oilseeds crops showed rapeseed production in line with AgSofia’s earlier forecast, however, the sunflower crop declined due to the summer heatwave.
2015/2016 sunflower production is revised down to 2.61 million tons on an increasingly less profitable situation, especially in Buenos Aires and La Pampa provinces.
Post forecasts the 2015/16 soybean production at a record of 98.5 million metric tons despite the slow planting start for the second year in a row in the center-west region.
Turkey was the 11th-largest export market for U.S.agricultural products in calendar year 2011.
Production of distillers dried grains (DDG) has soared in recent years as ethanol production has grown.
Brazilian exports continue to surge and provide growing competition for U.S. farm products.
Brazilian crop and livestock production continues to expand, building on rapid gains over the past few decades.