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The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22
On March 22, 2021, the Belgian government notified the European Commission of a draft national decree transposing the EU Renewable Energy Directive
Post estimates Malaysian crude palm oil (CPO) production in marketing year (MY) 2020/21 at 19
For Marketing Year (MY) 2020/2021, Nicaragua's peanut production reached over 194,000 metric tons (mt), which is a 21 percent increase compared to the previous cycle
For marketing year (MY) 2021/22 oilseeds will continue to remain a top planting choice for Ukrainian farmers due to higher profitability compared to grains
FAS Sofia expects Bulgarian oilseed production to rebound in marketing year (MY) 2021/22.
Post predicts that South Africa’s positive trend in soybean plantings will continue in the 2021/22 MY in line increased local crushing capacity.
Post forecasts that Brazilian producers will expand soybean planted area to reach 40 million hectares (ha) in 2021/22 season, up from the estimated 38.5 mn ha planted in the 2020/21 season.
Marketing year 2019/20 was another record year for U.S.-origin soybean exports to Egypt.
Australian oilseed production is expected to be strong again in marketing year (MY) 2021/22, continuing the recovery that started in MY 2020/21 following two years of extreme drought.
Assuming a normal 2021 monsoon season (June-September) and favorable weather conditions, India’s total oilseed production in market year (MY) 2021/22 (October-September) is forecast to rise four percent to 39.9 million metric tons (MMT), based on expectations of near normal oilseed crop yields.
Pakistan’s Marketing Year (MY) (October/September) 2021/22 edible oil imports are anticipated to be a record 3.7 million metric tons (MMT), up five percent over the previous year to meet increased demand.