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In 2023, China’s biofuels policies continue to wane as a priority for the People’s Republic of China (PRC). Post forecasts China to produce and consume 3.9 billion liters of fuel ethanol in 2023, only slightly higher than 2022 consumption despite the end of “Zero Covid.”
Brazil’s MY 2016/17 sugarcane crush is estimated at 680 mmt, a two-percent increase compared to the previous season due to good weather conditions that favored steady development of sugarcane stocks.
It is estimated that after reduction in MY 2015/2016, rapeseed planted area in MY 2016/2017 will increase to 200,000 hectares, and will be 20 percent higher than in the previous year.
Taiwan’s demand for soybean meal destined for animal feed continues to be the driving force behind Taiwan’s soybean imports.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.