Browse Data and Analysis

After a lengthy interagency review, Indonesia’s Ministry of Agriculture released updated oil palm area data, significantly increasing overall plantation hectares.

2019/20 soybean planted area is forecast at 18 million hectares and production is forecast at 53 million tons, unchanged since September.

Post forecasts crude palm oil (CPO) production in marketing year (MY) 2019/20 at 20.6 million metric tons (MT).

Weather conditions impacted rapeseed planting in the fall of 2014 leading to poor emergence. Excessive moisture contributed further to plant deterioration.

Due to lower than forecast production in the first 6 months and expectations for a return to slightly above trend yields for the remainder of 2014/15, palm oil output is forecast at 19.5 million tons.

The Philippines is the second largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.

While Japan’s soybean production recovered in MY 2014/15, domestic production accounts for only 25 percent of soybeans consumed for food and a mere 8 percent of total soybean utilization.

The first tentative official data on 2014 crop production published in late March showed a higher than previously expected area and production of oilseeds in MY2014/15.

For marketing year (MY) 2015/16, planted area of rapeseed is expected to diminish 2.3 percent in response to declining rapeseed prices as some producers switch to grains.

Assuming normal 2015 southwest monsoon conditions, Indian oilseed production in marketing year (MY) 2015/16 will increase by 12 percent over MY 2014/15 and reach 40.2 million metric tons (MMT).

Canada's oilseed production (canola, soybeans and sunflowers) for 2015/2016 is forecast to increase a marginal two percent, assuming normal yields, to 22.1 million metric tons (MMT).

In Marketing Year (MY) 2013/14 (Calendar Year 2014), the United States became the largest exporter of soybeans to Vietnam, surpassing Brazil.