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Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.
France has no commercial production or field trials of genetically engineered (GE) crops. The French livestock industry depends on imported GE products for feed, especially soybean, rapeseed, and corn.