Brazil: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   BR2023-0020

Post increased its forecast for soybean planted area to 45.4 million hectares for 2022/23, up previously from 45.2 million hectares. In the 2022/23 season Brazil is expected to expand its planted area for soybeans as producers are switching from corn. Post forecasts a record harvest at 162 million metric tons (MMT), increased from 159 MMT previously with planting at the fastest rate on record. Post increased the export forecast in 2023/24 to 100.2 MMT, an increase from 99.1 MMT. Post revised imports downwards due to ample supplies, now forecast at 200,000 metric tons (MT) for 2023/24. For 2023/24, Post revised the forecast for soybeans destined for processing upward to a record of 55.8 MMT based on strong demand for Brazilian soybean products, especially oil.

Related Reports

In January 2024, the Israeli Ministry of Health’s National Food Services found that cultivated beef is “safe for human consumption.”
Attaché Report (GAIN)

Kazakhstan: Grain and Feed Update

Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.
Attaché Report (GAIN)

China: Revised Draft Oil Seed Standard Notified

On February 12, 2024, the People’s Republic of China (PRC) notified the National Standard for Seed of Economic Crops – Part 2: Oil Species (Draft) to the World Trade Organization (WTO).