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Indonesia’s launch of B30 in January 2020 is expected to increase 2019/20 industrial consumption of palm oil to 9.2 million tons, raising total domestic consumption to a record 15.61 million tons.
With a young and growing middle-class and rising incomes, food and beverage processing in Vietnam has shown strong growth in the past five years.
2015/16 Paraguayan soybean area is forecast at 3.6 million hectares, a nine percent increase in soybean area compared with 2014/15 estimates, based on expanded area for second crop soybeans.
On December 31, 2014, China’s National Health and Family Planning Commission (NHFPC) published its final rule, the National Food Safety Standard on Nut and Seed Food (GB 19300-2014).
Post revises its soybean production estimate for marketing year (MY) 2013/14 (October-September) to 9.5 MMT, a decrease of 1.0 million metric tons (MMT).
2014/15 palm oil production is revised down based on deficient rainfall in southern Sumatera and central Kalimantan.
Post forecasts Brazil's 2014/15 soybean production at a record of 93 million metric tons (MT), based on increased hectares planted to soybeans.
With the 2014/15 soybean planting virtually 100 percent complete, Post adjusts soybean planted estimate slightly down to 20.8 million hectares.