China: Oilseeds and Products Update
Post’s September forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14, primarily due to lower peanut and cottonseed production. Despite a short drop in oilseed product consumption in MY13/14, total oilseed demand continues to grow. Soybean imports in particular are estimated at 69 million tons in MY13/14 and 72 million tons in MY14/15.
