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The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.
Post forecasts 2019/20 canola production to rebound to 3.7 million metric tons (MMT).
Post forecasts 2019/20 soybean production to fall by 3 percent to 53 million tons due to decreased area.
Post expects relatively limited growth in oilseed production in MY 2019/20, due in part to the lack of government programs encouraging oilseed planting.
In addition to edible oil, Pakistan is now a major importer of oilseeds. Marketing year (MY) 2018/19 imports of oilseeds are estimated to exceed edible oil imports....
Post projects a slight increase for soybean imports at 1.83 million metric tons (MMT) for marketing year (MY) 2019/20 (calendar year [CY] 2019) and 2 MMT for MY 2020/21 (CY 2020).
Soybean crush and subsequent oil and meal exports are on the rise for MY2018/19 due to recent changes in Ukraine’s domestic tax policy.
Post forecasts that Brazil will maintain its position as an oilseed production powerhouse in the 2019/20 marketing year.
MY2018/19 and MY2019/2020 soybean imports are forecast at 2.7 million tons on continued strong demand.
Thailand’s imports of soybeans and soybean meal will be limited due to feed demand growth of only 1 to 2 percent in MY2018/19 and MY2019/20.
Egypt’s soybean imports in marketing year (MY) 2019/20 are forecast at 4 million metric tons (MMT), up 500,000 MT from the MY 2018/19 estimate.
Post forecasts that South Africa’s oilseed meal imports will drop by 25 percent to 495,000 tons in the 2019/20 MY, as a record of 1.3 million tons of oilseed meal will be produced locally.