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The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.
Post forecasts 2019/20 canola production to rebound to 3.7 million metric tons (MMT).
Post projects a slight increase for soybean imports at 1.83 million metric tons (MMT) for marketing year (MY) 2019/20 (calendar year [CY] 2019) and 2 MMT for MY 2020/21 (CY 2020).
MY2018/19 and MY2019/2020 soybean imports are forecast at 2.7 million tons on continued strong demand.
Thailand’s imports of soybeans and soybean meal will be limited due to feed demand growth of only 1 to 2 percent in MY2018/19 and MY2019/20.
Palm oil (CPO) production in MY 2019/20 is forecast to reach 20.3 million metric tons (MT), an increase of 300,000 MT compared to the previous year, based on an improving labor situation within the...
Japan’s vegetable oil and protein feed markets began to show signs of slowing in market year (MY) 2017/18, but low soybean prices and a drop in world rapeseed prices in 2018 helped Japan’s....
China’s demand for oilseeds and oilseed products will continue to climb in MY19/20, albeit at a slower pace due to African Swine Fever (ASF).
In January 2019, China approved five new genetically engineered traits and renewed the bio-safety certificates for 26 traits previously approved.