Browse Data and Analysis

A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.

Fishmeal exports reached a surprising 1.2 million metric tons (MMT) in MY 2021, the highest amount in ten years. However, production and exports are forecast to return to more normal levels at 910,000 and 896,000 metric tons, respectively.

For marketing year (MY) 2021/22 oilseeds will continue to remain a top planting choice for Ukrainian farmers due to higher profitability compared to grains

Fishmeal production in MY 2021/2022 is forecast at 900,000 MT. Fishmeal exports in MY 2021/2022 are estimated at 894,000 MT, remaining at the same levels as the previous year.

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 2020/21 oilseeds will remain a top choice for Ukrainian farmers due to higher profitability compared to grains.

Peru's 10-year moratorium on genetically engineered (GE) crops and zero tolerance for GE events is scheduled to expire in 2021.

Soybean crush and subsequent oil and meal exports are on the rise for MY2018/19 due to recent changes in Ukraine’s domestic tax policy.

Fishmeal production in marketing year (MY) 2019/2020 (January-December 2019) is estimated at 890,000 MT, falling 25 percent compared to the previous year.

This report contains revised production, consumption and trade forecasts for MY2018/19 as the result of recent legislative amendments as well as trade estimates for MY2017/18.

Sunflower and rapeseed planted areas are projected to increase for MY2018/19.

Peru is the world's leading fishmeal exporter. Fishmeal production for MY2017/2018 is up 29 percent over the previous marketing year.