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Marketing year (MY) 2022/23 palm kernel production is forecast at 62,000 metric tons (MT), down by about nine percent compared to Post’s MY2021/22 projection. This is mainly because of an annual three-month drought period (December-February) that negatively affects FFB yield, and consequently kernel yield.
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.