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- (-) December 2020
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On November 18, 2020, the Egyptian Cabinet approved a draft bill that exempts importers of key commodities from paying value-added tax (VAT) on shipping costs.
Pakistan’s Marketing Year (MY) October/September) 2019/20 soybean imports reached 1.7 million metric tons (MMT), 15 percent lower than the last year.
Weaker demand due to COVID-19 has reduced palm oil exports by 2 million tons.
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.