2015/16 trade changes

nutrition-argentina-figure3

Argentina
Soybean meal exports are up 1.1 million tonnes to 32.8 million tonnes; and soybean oil exports are raised 165,000 tonnes to 5.9 million tonnes in response to a larger crush forecast.

Bangladesh
Soybean imports are up 100,000 tonnes to 1.1 million tonnes on a strong pace of trade to date.

Brazil
Soybean exports are boosted 1 million tonnes to 58 million tonnes on strong demand mainly from China.

Canada
Rapeseed exports are up 300,000 tonnes to 9.3 million tonnes, reflecting strong demand from the EU.

China
  • Soybean imports surge 1.5 million tonnes to 82 million tonnes, reflecting a strong pace of trade in the first half of the marketing year and continued strong demand for protein meal.
  • Rapeseed imports are down 100,000 tonnes to 4.2 million tonnes on an expected slower pace of trade, due to lower exportable supplies in Australia and growing soybean imports.
  • Palm oil imports are reduced 200,000 tonnes to 5.5 million tonnes as rising soybean crush is providing additional supplies of domestically produced vegetable oil.

EU
  • Soybean meal imports are raised 400,000 tonnes to 20.7 million tonnes in response to larger supplies of competitively priced Argentine meal.
  • Soybean imports are lowered 500,000 tonnes to 13.2 million tonnes as increased meal imports reduce the need for soybeans for crush.
  • Rapeseed imports are up 400,000 tonnes to 2.8 million tonnes, reflecting strong domestic demand.

nutrition-argentina-2

Foreign Agricultural Service/USDA, March 2016

 

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