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Turkey’s Marketing Year (MY) 2019/20 sunflowerseed area and production is estimated at 730,000 hectares (Ha) and 1.66 million metric tons (MMT), of which 1.5 MMT is for use as oilseeds.
On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
A 19 percent drop in rapeseed area leads to a significant, overall decline of major oilseeds area and production within the EU in MY 2019/20.
Estimated soybean production for marketing year (MY) 2019/20 (Oct.-Sept.) is revised lower to 10.5 million metric tons (MMT) on 11.2 million hectares.
Soybean meal (SBM) consumption for 2019/20 and 2018/19 are unchanged from August’s report, but down from their preceding year as domestic swine inventories continue to shrink....
Kazakhstan’s wheat production is expected to recover in 2013, but exports to Russia - its largest market in 2012/13 - are expected to drop sharply.
China is expected to remain a significant importer of biotech products and may become an exporter of biotechnology in the medium to long term.