USDA lowers estimates of global oilseed production

The US Department of Agriculture (USDA or USDA, publishes data and forecasts on agricultural indicators not only in the United States itself, but also in other large agricultural countries - ROSNG) has reduced the forecast for the world harvest of oilseeds in the 2023-24 agricultural year to 659.4 million tons OleoScope writes about this with reference to data from the department’s latest February report. This is 780 thousand tons lower than the figures it announced last month, but 22 million 190 thousand higher than in the 2022-23 agricultural year. These data included all species of this group without exception. For the main oilseeds, the figure was 540 million 730 thousand tons, which is, respectively, 890 thousand lower and 21 million 550 thousand tons higher. In particular, the estimate for the soybean harvest for the month was slightly underestimated - from 398 million 980 thousand to 398 million 210 thousand, sunflower - from 55 million 540 thousand to 55 million 80 ...