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2014/15 palm oil production is revised down based on deficient rainfall in southern Sumatera and central Kalimantan.
Post forecasts Brazil's 2014/15 soybean production at a record of 93 million metric tons (MT), based on increased hectares planted to soybeans.
With the 2014/15 soybean planting virtually 100 percent complete, Post adjusts soybean planted estimate slightly down to 20.8 million hectares.
Severe floods on the east coast of Peninsular Malaysia last month caused production to drop 22.5 percent compared to November.
Recent floods on the East Coast of peninsular Malaysia may result in CPO production declining up to 15 percent for the month of December.
Bulgaria already exported its rapeseeds surplus with exports reaching 460,000 MT at the end of November.
Turkish soybean area and production for market year (MY) 2014 are about 35,000 hectares and 130,000 metric tons (MT).
India’s current area planted for rabi (winter sown) oilseeds is 5.2 million hectares (MHA), an increase of two percent over 2013, primarily due to higher rapeseed and mustard area.
Post revises 2013/14 crude palm oil (CPO) production down by 500,000 metric tons (MT) to 30.5 million MT.
Turkish soybean area and production for market year (MY) 2014 are about 35,000 hectares and 130,000 metric tons (MT).
Robust soybean planting in Cordoba province and smooth planting in the rest of the country are trending national production area towards the 2014/15 soybean forecast of 21 million hectares.
Post’s October forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14.