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Palm oil production is expected to increase from 17.7 million tons in 2015/16 to 19.4 million tons in 2016/17 and to 21 million tons in 2017/18 due to palm trees recovering from tree stress....
Post forecasts that a record area of 1.4 million hectares will be planted with oilseeds in South Africa in the 2017/18 MY.
Soybean imports are expected to reach 3.1 million metric tons (MMT), reflecting additional crush capacity to increase domestic soybean meal and oil production.
India’s total oilseed production in marketing year (MY) 2017/18 (Oct-Sept) is forecast to rise seven percent to 38.6 million metric tons (MMT), derived from 40 million hectares.
Pakistan is one of the largest edible oil importers in the world and MY 2017/18 imports are forecast at record 3.6 million metric tons.
Total EU-28 oilseeds production for marketing year (MY) 2015/16 is expected to decline by about 9 percent to 32 million metric tons (MMT).
Growing feed demand driven by expanding livestock and poultry sectors is expected to generate increased import demand for soybeans in MY2017/18 and soybean meal in MY2016/17 and 2017/18.
Serbia’s marketing year (MY) 2016/17 wheat crop was the largest in over 20 years at an estimated three million metric tons (MMT), compared to 2.6 million last year.
A planned increase in the price of cooking oil in spring 2017 is not expected to have an impact on consumption.
The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.
Fishmeal production in marketing year (MY) 2017/2018 (January-December 2018) is forecast at 705,000 metric tons (MT), three percent lower than the estimated production in the previous year.
Taiwan is a mature and stable market. The primary driver behind soybean imports is demand for soybean meal for animal feed.