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- (-) Oilseeds (excl. soybean)
- (-) August 2019
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In June 2019, the Nigerian government formulated a new policy to invest some $500 million in expanded palm oil production.
Based on trends in the swine sector, the MY2019/20 soybean import forecast for China is reduced to 80 million metric tons (MMT).
The Government of Indonesia (GOI) is reviewing palm planted area following conflicting data from several government agencies.
Timely spring rains and mild temperatures have contributed to improve yields expectations after a rather dry winter.
China’s MY16/17 soybean production is forecast to recover to 12.5 million metric tons (MMT) from the 11.6 MMT in the previous year, compared to the USDA official data of 11.8 MMT.