The world oilseed harvest will grow 3.26% in the 2020/21 campaign
Soybean
World
Published Feb 12, 2021
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 ...
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