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Oilseed production in South Africa is expected to decrease by 15 percent in the 2014/15 MY, due to a mid-summer drought that hit the main summer rainfall producing areas.
Indonesian CPO production is expected to reach a record 35 MMT in MY 2015/16 despite the continued slowdown of planting area expansion.
As a result of lower than expected yields during the first half of the marketing year, the 2014/15 palm oil production forecast is lowered to 20 million tons.
Peru is the largest fishmeal exporter in the world.
Marketing year (MY) 2015 oilseeds production in Turkey is expected to be 2.1 million metric tons (MMT), down about eight percent compared to a year ago.
Soybean imports are expected to be around 1.2 million MT for MY 2014/15, a decrease of six percent from the previous marketing year due to higher beginning stocks.
China continued to dominate the global oilseeds market in MY13/14, especially in soybeans where it took 65 percent of total world exports, and 30 percent of total U.S. soybean production.
Post revises down rapeseed and mustard production for marketing year (MY) 2014/15 (OctoberSeptember) by 400,000 metric tons (MT) to 7.1 million metric tons (MMT).
The Thai Cabinet increased domestic palm oil supplies for cooking by at least 110,000 metric tons in February 2015 thru imports and a reduction in biodiesel mandates.
2015/16 Paraguayan soybean area is forecast at 3.6 million hectares, a nine percent increase in soybean area compared with 2014/15 estimates, based on expanded area for second crop soybeans.
On December 31, 2014, China’s National Health and Family Planning Commission (NHFPC) published its final rule, the National Food Safety Standard on Nut and Seed Food (GB 19300-2014).
Post revises its soybean production estimate for marketing year (MY) 2013/14 (October-September) to 9.5 MMT, a decrease of 1.0 million metric tons (MMT).