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- (-) Oilseeds (excl. soybean)
- (-) March 2015
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Indonesian CPO production is expected to reach a record 35 MMT in MY 2015/16 despite the continued slowdown of planting area expansion.
As a result of lower than expected yields during the first half of the marketing year, the 2014/15 palm oil production forecast is lowered to 20 million tons.
Peru is the largest fishmeal exporter in the world.
Marketing year (MY) 2015 oilseeds production in Turkey is expected to be 2.1 million metric tons (MMT), down about eight percent compared to a year ago.
Soybean imports are expected to be around 1.2 million MT for MY 2014/15, a decrease of six percent from the previous marketing year due to higher beginning stocks.
China continued to dominate the global oilseeds market in MY13/14, especially in soybeans where it took 65 percent of total world exports, and 30 percent of total U.S. soybean production.
Post revises down rapeseed and mustard production for marketing year (MY) 2014/15 (OctoberSeptember) by 400,000 metric tons (MT) to 7.1 million metric tons (MMT).
The Thai Cabinet increased domestic palm oil supplies for cooking by at least 110,000 metric tons in February 2015 thru imports and a reduction in biodiesel mandates.
Acreage is expected to decline but yields are forecast to return to normal for Canada's 2013 oilseeds crop, which should result in greater supplies.