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India is expected to produce 6.4 million metric tons (MMT) of rapeseed and mustard in marketing year (MY) 2015/16.
Palm oil production declines are expected to arrive starting in December 2015 and extend throughout the next six to nine months.
2015/2016 soybean production is revised up to 58.5 million tons on good crop conditions resulting in higher yields.
MY15/16 soybean imports are forecast at 79 million tons, slightly higher than the previous year.
Soybean production in marketing year (MY) 2015/16 (Oct-Sept) is forecast lower to 7.5 million metric tons (MMT) planted on 11.6 million hectares.
The victory of President-elect Maurcio Macri on November 22nd, has lifted producer expectations and will likely have a significant impact domestically and in international markets.
Indonesia is experiencing an El Nino event characterized by atypical dryness throughout much of its palm oil production regions.
The Tunisian Ministry of Agriculture estimated olive oil production for MY 2014/15 at 320,000 MT, which is a record high.
The beginning of marketing year 2015/16 features higher production volumes for sunflower seeds and soybeans, while rapeseed production is lower compared to the previous marketing year.
Pakistan continues to expand its imports of soybeans, importing over 500,000 metric tons in 2014/15 (a record), with projected 2015/16 imports of 1.5 million metric tons.
The first tentative post-harvest data on 2015 oilseeds crops showed rapeseed production in line with AgSofia’s earlier forecast, however, the sunflower crop declined due to the summer heatwave.
2015/2016 sunflower production is revised down to 2.61 million tons on an increasingly less profitable situation, especially in Buenos Aires and La Pampa provinces.