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Soybean imports are forecast at 101 million metric tons (MMT) in marketing year (MY) 21/22, up 3 MMT from the previous year.
India’s soybean production estimate for marketing year (MY) 2021/22 (October-September) is lowered to 10.8 million metric tons (MMT) on account of delayed and erratic rainfall.
This report updates several sections of the “European Union: Oilseeds and Product Annual” released in April 2021.
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.