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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).
In a time of tight margins due to lower commodity prices, only soybeans make financial sense.
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.
FAS/Brasilia forecasts 2015/16 soybean production at 94 million metric tons (mmt) despite a drop in planted area to 31.1 million hectares, a decrease of one percent compared to 2014/15.
Taiwan’s demand for soybean meal continues to be the driving force behind Taiwan’s demand for imported soybeans.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.
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.
FAS Amman Instrumental in Clearing a USD 28,000.00 Shipment of U.S. Soybean Oil
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.