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Post reduces its MY 2021/2022 soybean production estimate to 41 million metric tons (MMT), 4 MMT below the official USDA estimate. Despite rains in January which forestalled greater losses, high temperatures and dryness in December and early January caused considerable damage in key growing areas and depleted soil moisture reserves.
Post lowered its 2021/22 forecast for soybean planted area further, to 39.8 million hectares (ha) and soybean production to 134.5 million metric tons (MMT). From the last estimates, weather conditions have continued to worsen in key producing regions.
Only limited growth in soybean and vegetable oil imports is forecast for 2021/22. Rising prices and changes in taxation policies are hindering demand for meal from the poultry sector and capping growth in edible oil demand.
Indonesia kicked off 2022 by rolling out several market intervention policies in response to recent rising prices for cooking oil. From January 19-31, 2022, Indonesia implemented a temporary cooking oil subsidy program utilizing the Crude Palm Oil (CPO) fund, the same funding source that subsidizes the biodiesel mandate program.
Argentina continues to be the third largest producer of biotech crops, producing 14 percent of the world´s total biotech crops.
China is the world’s largest importer of genetically engineered (GE) crops and one of the largest producers of GE cotton in the world, but it has not yet approved any major GE food crops...
South China imports of U.S. soybeans continue to climb….Upcoming opportunities for U.S. exporters to meet with South China wine and beer importers, as well as wood importers…
In fiscal year (FY) 2016 (October to September) total Colombian food and agricultural imports were valued at $5.5 billion.
Taiwan imported over $3.15 billion dollars of agricultural products from the United States in 2015, roughly one billion of which consisted of genetically engineered (GE) crops...
A historic drought in Bolivia is causing water restrictions in households in the capital of La Paz and reducing grain and oilseed production output by 27 percent in 2016.
G7 International Forum for Empowering Women and Youth in Agriculture Held in Tokyo, Acting AA and GSM Allison Thomas presents U.S. Soy Ambassador Award in Japan...
Brazil is the world's second-largest producer of biotech crops. Post forecasts a 10-percent increase in area planted to biotech crops in the upcoming 2013/14 Brazilian crop year (October-September).