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On December 10, 2021, the Government of Kenya announced it would grant exemptions to tariffs on non-genetically-modified (GM) feed ingredients in response to rising feed costs.

India’s soybean production estimate for marketing year (2020/2021 is revised upward to 11.8 million metric tons on account of higher acreage and better than expected yields.

Indonesia extended its B30 mandate, which requires biodiesel to contain 30 percent palm oil-based fuel, to 2022. Palm oil exports for 2021/22 are forecast to increase 13 percent and soybean meal imports are estimated higher than previously expected.

Soybean and soybean meal imports are expected to increase in MY2016/17 to 5.5 million metric tons. The U.S. holds about a 20-22 percent share of the market.

Post forecasts 2016/17 production area at 1.1 million hectares, a decrease of 8 percent from Post’s area estimate of 15/16.

Australia normally produces around four million MT of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of the total.