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The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.
Assuming a normal 2016 monsoon (June-Sept), India’s total oilseed production in marketing year (MY) 2016/17 (Oct-Sept) will reach 35.4 million metric tons (MMT), a ten-percent over last year.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.
While the United States had a $16 billion agricultural trade surplus with the rest of the world in 2015, it ran a record $12 billion trade deficit in farm and food products with the European Union.
FAS/Moscow forecasts Russia’s 2016 production of three major crops (sunflowerseed, soybeans, and rapeseed) at 13.25 million metric tons (MMT), a 4 percent increase from last year.
In MY14/15 China continued dominating the global oilseeds market, retaining its status as the world's largest importer of soybeans.
U.S. exhibitors at FOODEX 2016 report more than $25 million in projected sales; FAS/Japan helps promote U.S. beef, soybeans and organic products...
Soybean area is projected to grow. Sunflowerseed area will likely remain stable while rapeseed area will retract.
In MY14/15 China continued dominating the global oilseeds market, retaining its status as the world's largest importer of soybeans.
Palm oil production estimates for 2015/16 remain unchanged at 33 million metric tons.
Palm oil production is forecast to drop from 19.8 million tons in 2014/15 to a low of 19.5 million tons in 2015/16...