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Due to the recent ban on genetically engineered (GE) commodity imports, the 2022/23 soybean import forecast is reduced from 2.5 to 1.2 million tons. With the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly.
Indonesia 2022/23 palm oil consumption is expected to rise to 19.4 million metric tons (MMT) on increased use for biodiesel production, as the Government of Indonesia (GOI) rolls out higher blending rates for its 2023 mandatory biodiesel blending program.
February 15, 2016, VPSS will impose temporarily restrictions on corn and soybeans originating from the U.S. as a result of violations of international and Russian phytosanitary requirements.
Palm oil production declines are expected to arrive starting in December 2015 and extend throughout the next six to nine months.
China notified the WTO of the National Food Safety Standard of Vegetable Protein for Food Industry (an update of the GB/T 20371), issued by the National Health and Family Planning Commission...
2015/2016 soybean production is revised up to 58.5 million tons on good crop conditions resulting in higher yields.
Post kept its forecast for Brazil’s 2015/16 soybean production to a record 98 million metric tons (mmt).