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For marketing year (MY) 2024/25, Ukrainian farmers are forecast to increase area under all the major oilseeds except for sunflowers. However, regarding production volumes, this increase might be somewhat dampened by lower yields compared to the high levels of MY2023/24.
Post forecasts that South Africa’s oilseed area will be maintained at elevated levels in marketing year 2024/25. South Africa’s summer rainfall oilseed crops in marketing year 2023/24 have been affected by an El Niño induced mid-summer drought, resulting in an expected major drop in crop volumes, creating an optimistic outlook for higher crop area in marketing year 2024/25.
While there is still considerable uncertainty regarding implementation, in January 2024 the government approved a system allowing for the resumption of genetically engineered commodity imports.
Post forecasts that Marketing Year (MY) 2024/25 planted area will expand at a slower growth rate, reaching 45.6 million hectares (ha). Post forecasts MY 2024/25 production at 157.5 million metric tons (MMT), 4.9 MMT more than the revised estimate in MY 2023/24.
Post lowers marketing year (MY) 2023/2024 production to 49.5 million metric tons (MMT), still nearly double last year’s crop, based on a stretch of dry and hot weather in the major production areas despite previous ideal rains following planting.
Tunisian MY 2024/25 soybean imports are expected to reach 555,000 MT, compared to 550,000 MT in MY 2023/24 as demand for animal feed increases slightly.
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
After the 2023/24 El Niño cycle, fishmeal production in marketing year (MY) 2024/25 is expected to recuperate back to 1.1 million metric tons (MMT), a 39 percent increase compared to the previous year's estimates.
On January 4, 2024, the Ministry of Agriculture and Rural Affairs (MARA) published a revised “National Standard for Seed of Economic Crops - Part 2: Oil Species (Draft for Comments)." The revised draft standard pertains to seeds for sowing/planting...
The olive harvest continues in Turkiye. The Marketing Year (MY) 2023/24 olive oil production forecast is revised to 190,000 MT due to unfavorable climatic conditions.
FAS/Sofia’s marketing year (MY) 2023/24 sunflower production estimate is lowered to 1.7 million metric tons (MMT) based on the final harvest data. The sunflower crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.