The USDA forecast production of oil crops in 2020/21 MG will grow by 5%

2020-05-13 12:05:56
Machine translation
The USDA forecast production of oil crops in 2020/21 MG will grow by 5%

According to the may forecast by the USDA FAS, world oilseed production in 2020/21 MG will increase in comparison with the current season by 5% to 575,2 record 605,9 million tonnes, primarily due to the high soybean crop in the United States and South America, as well as increased production of sunflower and palm oil.

 

So, soybean will increase by 26.6 million tons to a record 362,8 million tonnes, 3 million tonnes more than the previous record 2018/19 Mr. For the U.S., the forecast of soybean production increased by 15.47 million tonnes to 112,26 million tons, Brazil – 7 to 131 million tons, Argentina – 2.5 to 53.5 million tons, India – 1.2 to 10.5 million tons.

 

Evaluation world ending stocks of soybeans in 2020/21 MG in comparison with the current season reduced to 98,39 100,2 million tons due to an increase in forecast imports to China 4 million tons to 96 million tons on the background of the expected increase in processing volumes.

 

Due to the increase in acreage to 27.1 million hectares, the forecast of global production of coesnica in 2020/21 MG increased to a record 56.7 million tons, in particular, for Argentina – 0.7 million tonnes to 4 million tonnes, Ukraine by 0.5 million tons to 17 million tons, Russia – 0.2 to 15.5 million tons.

 

Evaluation world rapeseed production has increased by 2.5 million tonnes to 70,79 million tonnes due to the higher crop forecast for Canada by 0.9 million tonnes to 19.9 million tonnes, the EU – 0.2% to 17 million tons, Ukraine – 0.3 to 4 million tonnes, even despite the dry spring and the reduction in acreage.

 

the Forecast of world consumption of oilseeds in 2020/21 MG increased 2% due to recovery in demand for feed in China after the stipulated two-year Achs fall of pork production.

 

the Volume of world trade of oilseeds will increase mainly due to the increased demand for soybeans in China and increase purchases of sunflower and rapeseed, while the trade volume of other crops is almost unchanged.

 

palm oil Production in 2020/21 MG will rise to 74.6 million tons due to increased production in Indonesia by 1 million tons to 43.5 million tons and Malaysia – to 19.3 million tonnes Forecast exports of palm oil from Malaysia in this season, were reduced by 2 million tons, and Indonesia for 0.8 million tonnes due to reduced imports by India 0.7 million tonnes, China by 0.6 million tons and EU countries of 0.6 million tons.