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Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
Forecast soybean production for MY 24/25 is unchanged at 19.6 million metric tons (MMT) based on a planted area of 9.95 million hectares (Mha). Relatively low and declining soybean meal (SBM) prices since the beginning of MY 23/24 could encourage more SBM use in feed production.
Soybean production in marketing year (MY) 2024/2025 is estimated at 12.9 million metric tons (MMT) on favorable conditions and slightly higher area.
Côte d’Ivoire has become one of the major palm oil producers on the continent. Since 2018, the country has produced more than 500,000MT yearly. Currently, production is expected to increase 26 percent in MY2022/23 while demand outweighs supply.
Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
FY2022 agricultural exports reach record levels.
China’s marketing year (MY) 22/23 soybean production is forecast to reach a near-record 19 million metric tons (MMT) on higher yields. Post maintains forecasted MY 22/23 soybean imports at 96.5 MMT on higher demand for soybean meal (SBM) for swine and poultry and vegetable oil demand for food sector use. Import growth is forecast to be partially constrained by higher domestic soybean production, ongoing sales of state reserve soybeans, and ongoing uncertainty regarding People’s Republic of China (PRC) COVID restrictions.
Marketing year (MY) 2022/23 palm kernel production is forecast at 62,000 metric tons (MT), down by about nine percent compared to Post’s MY2021/22 projection. This is mainly because of an annual three-month drought period (December-February) that negatively affects FFB yield, and consequently kernel yield.