South Africa: Market Opens for United States Soybeans
Link to report:
Soybeans from the United States are once again eligible to enter South Africa. After a mid-summer drought that caused a 35 percent drop in production, South Africa needs to import soybeans to supplement domestic production and maintain crushing demand. South Africa only issues import permits for countries that are cultivating genetically engineered (GE) events that have been approved for food and feed purposes or general release in South Africa. Post worked closely with stakeholders to resolve the asynchronous issue to allow trade with the United States. On September 30, 2024, South Africa’s Department of Agriculture informed stakeholders that all GE soybean events that caused asynchrony with the United States had been approved and that import permits will be issued for GE soybeans from the United States.
