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On August 17, 2021, the European Commission (EC) approved seven genetically engineered (GE) crops (3 corn, 2 soybean, 1 rapeseed, and 1 cotton) and renewed the authorizations for two corn and one rapeseed crop used for food and animal feed.

On August 24, 2021, the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry published a directive in the Gazette of India Extraordinary that will officially permit India to import 1.2 million metric tons (MMT) of soybean meal and soy cake derived from genetically engineered (GE) soybeans through October 31, 2021.

Post’s sources inform that the Indian government is allowing for the import of up to 1.5 million metric tons (MMT) of foreign-origin soybean meal (including that derived from GE-soybeans) at a 16.5 percent basic customs duty.

In 2008, El Salvador abolished the Planting Seed Law that required imported seeds to have a phytosanitary certificate with an additional declaration stating that the seeds did not contain GMOs.

In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.

The agricultural minister of Lower Saxony has introduced a new protein feed initiative on July 29. The goal of the initiative is to promote the cultivation of peas, beans and lupins.

Post’s August forecast for MY14/15 total oilseed production is 56.8 million tons, down by 3.3 percent from an estimated 58.7 million tons in MY13/14, primarily due to lower cottonseed production.

This report provides EU-28 production, supply, and demand forecasts for major EU oilseeds, protein meals and related products.

For (marketing year) MY 2014/15, total oilseed production is expected to decrease by 3.4 percent to 36.5 million metric tons (MMT) on lower kharif (fall and early harvested) area due to poor weather.