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On June 2, 2020, the Eurasian Economic Commission (EEC) issued EEC Collegium Decision No. 71, amending its temporary ban on exports of some food products from the EAEU to exclude soybeans...
Export VAT refunds for soybeans and rapeseed have been officially reestablished for all exporters. This should foster lower soybean crush numbers for marketing year (MY) 2020/21.
For the 2019/20 harvest, Post forecasts a modest soybean planted area expansion to 37 million hectares, up from 36.2 million hectares in the current season.
The Government of Bolivia approved two new genetically engineered events for soybeans in April 2019.
Nigeria’s animal feed sector remains underdeveloped, largely due to high production costs.