The world oilseed harvest will grow 3.26% in the 2020/21 campaign

Published 2021년 2월 11일

Tridge summary

The USDA forecasts a 3.26% increase in global oilseed production in the 2020/2021 season, reaching 595.09 million tons, due to better harvests in the United States and Brazil. The production of soybeans, sunflower, and rapeseed is expected to offset the decline in palm and groundnut varieties. The global soybean harvest is estimated to increase by 7.32% from the previous season, with the largest increases in supply expected in Brazil and the United States. While sunflower production is projected to drop by 8.65%, peanut production is expected to increase by 2.74%. The global volume of oilseed exports is estimated to be 193.87 million tons, with a notable increase in rapeseed exports by Canada and soybean exports in the United States.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The world production of oilseeds will reach 595.09 million tons in the 2020/2021 season, which represents an increase of 3.26% compared to the previous one, due to the forecast of better harvests in the United States and Brazil. This is reflected in the report of the United States Department of Agriculture (USDA), with data as of February, in which it revises its January forecast for these products up by 600,000 tons, since the increase in world crops of soybeans, sunflower and Rapeseed will offset the decline in palm and groundnut varieties.By oilseed types, the USDA estimates that the world soybean harvest will reach 361.08 million tons in the 2020/2021 season, slightly higher than the advanced in January and that reflects a rebound of 7.32% compared to the previous one. The largest increases in the global supply of soybeans will be registered in Brazil, the world's main producer country, as the USDA projects a volume of 133 million tonnes, + 5.6% compared to the harvest ...

Source: Agrodiario