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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.
Germany has long been a leader in the global pork sector and is currently the world’s second-largest pork exporter after the United States.
In June 2019, the Nigerian government formulated a new policy to invest some $500 million in expanded palm oil production.
Based on trends in the swine sector, the MY2019/20 soybean import forecast for China is reduced to 80 million metric tons (MMT).
The Government of Indonesia (GOI) is reviewing palm planted area following conflicting data from several government agencies.