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Attaché Report (GAIN)

Bulgaria: Oilseeds and Products Market Update

Bulgarian rapeseed production is forecast to rebound in MY 2021/22. As of mid-July, the rapeseed harvest was 46 percent complete with reported yields exceeding earlier estimates and production projected to reach up to 360,000 MT.
Attaché Report (GAIN)

Indonesia: Oilseeds and Products Update

The Ministry of Agriculture (MOA) has issued a new regulation requiring Import Recommendations for soybeans, however implementation may depend on corresponding regulations from the Ministry of Trade (MOT).
On June 29, 2021, the Food Safety and Standards Authority of India (FSSAI) published a new directive changing the nomenclature ‘‘Blended Edible Vegetable Oil” or “Multi Source Edible Vegetable Oil” now to simply “Multi Source Edible Oil.”
Attaché Report (GAIN)

Argentina: Oilseeds and Products Update

With the MY 2020/2021 harvest season almost complete, Post lowers its soybean production estimate 500,000 tons, to 44.5 million metric tons (MMT), 2.5 MMT below USDA Official.
Attaché Report (GAIN)

Brazil: Oilseeds and Products Update

For 2021/22, Post forecasts soybean planted area at 40.3 million hectares (ha), and production at 143.5 million metric tons (MMT), based on a yield of 3.56 mt per ha. Post revised up 2020/21 planted area estimate by 300,000 ha to 38.8 million ha, and...
Attaché Report (GAIN)

Malaysia: Oilseeds and Products Update

Post adjusted the Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down by 8,000 tons to 18.7 million tons. COVID-19 has caused acute labor shortages as the Government of Malaysia (GOM) halted the intake of new foreign workers indefinitely, while allowing foreign workers with expired work permits to return home, thus exaggerating the labor issues.
Attaché Report (GAIN)

China: Oilseeds and Products Update

FAS China forecasts soybean production to fall to 17.5 million metric tons (MMT) in marketing year (MY) 21/22 from an estimated 18.5 MMT the previous year due to a shift in planted area to corn production. With domestic corn prices currently near a...
In the first quarter of 2021, U.S. soybean exports reached the second-highest value ever at $7.7 billion, nearly double the same period last year.
Attaché Report (GAIN)

Russia: Oilseeds and Products Annual

A package of export restricting measures aimed at the oilseeds market is expected to dampen the trend of increasing oilseed production in Russia.
Attaché Report (GAIN)

Nigeria: Oilseeds and Products Annual

Nigeria’s oil palm sector contributes to economic development at all levels – national and state. Currently, the country's demand for palm oil outweighs its supply.
The Russian Federation recently extended the waiver on a previously established ban of imports of some GE soybeans and soybean meal without state registration to January 1, 2022.
Attaché Report (GAIN)

Romania: Oilseeds Poised for Big Recovery

In marketing year (MY) 2021/22, total year-on-year Romanian oilseed production is forecast to increase by 36 percent due to favorable weather.