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- (-) December 2024
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Post increased the 2024/25 forecast for soybean planted area expansion in Brazil to 47 million hectares (HA) and soybean production to 165 million metric tons (MMT). This season sowing began optimistically, with most soybeans planted on time compared to last year.
In marketing year (MY) 2024/25 Bulgaria harvested its lowest oilseed crop for more than a decade due to extremely hot and dry summer weather conditions impacting yields. The total oilseed crop for sunflower, rapeseed and soybeans is estimated at just over 1.6 million metric tons (MMT), compared to 2.0 MMT the previous year.
In October 2024, the National Biosafety Committee (NBC) authorized imports of genetically engineered (GE) soybeans for food, feed, and processing. GE soybean imports are expected to resume in 2025, boosting prospects that the 1.5-million-ton import forecast for 2024/25 will be achieved.
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.
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....
Indonesia’s B40 biodiesel blending mandate program, which is expected to roll out in 2025, is projected to increase palm oil use by 3 percent to 22 million metric tons in 2024/25. Soybean consumption recovered in 2023/24 as soybean retail prices continue to decrease.
MY15/16 soybean imports are forecast at 79 million tons, slightly higher than the previous year.
Post reduced its 2015/16 production forecast to 98 million metric tons (mmt). Dry and hot weather in central and northeast Brazil is having an impact in the progress of the crop.
China is the second largest market for planting seeds after the United States. It is self-sufficient in planting seeds for grains, but imports some grass, vegetable, and fruit seeds.
According to the Bank of Guatemala (BANGUAT), the food processing industry in Guatemala for year 2015, will grow 3.5 percent and will contribute 0.67 percent to the total GDP.
On December 14, Taiwan’s Legislative Yuan amended legislation to withdraw genetically engineered (GE) food products from school meals.
Italy’s biodiesel capacity stands at approximately 2 Million Metric Tons (MMT). Italian biodiesel operators include two categories: biodiesel producers and oilseed crushers.