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China’s soybean imports are forecast to hit a record of 86 million metric tons (MMT) in MY16/17, up from the estimated 83 MMT in MY15/16.
Pakistan continues to expand its imports of soybeans in response to an increased tariff on soybean meal. 2015/16 imports are estimated at a record 1.3 million tons.
Bulgarian farmers increased rapeseed planted area by 5% and soybean area was reported to decline by 42%.
Turkish soybean area and production for MY 2016 are now estimated about 33,000 hectares and 120,000 MT, respectively.
Bulgaria already exported its rapeseeds surplus with exports reaching 460,000 MT at the end of November.
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Turkish soybean area and production for market year (MY) 2014 are about 35,000 hectares and 130,000 metric tons (MT).
Ecuador’s Foreign Trade Committee (COMEX) resolved on November 26, 2014, to extend the current tariff and duty exemption for soybean meal imports from all origins (including the United States).
According to the German parliament's scientific service, T-TIP could force Germany to abolish its plans for labeling for food from animals fed with GMO feed.
India’s current area planted for rabi (winter sown) oilseeds is 5.2 million hectares (MHA), an increase of two percent over 2013, primarily due to higher rapeseed and mustard area.
Post revises 2013/14 crude palm oil (CPO) production down by 500,000 metric tons (MT) to 30.5 million MT.
Turkish soybean area and production for market year (MY) 2014 are about 35,000 hectares and 130,000 metric tons (MT).