Mumbai, May 13 -- The US Department of Agriculture (USDA) has stated in a latest monthly update that the global trade of oilseeds and oilseed meals reflects higher demand growth in protein meal consumption spurred by relatively lower feed prices. Higher beginning stocks and rising soybean production in South America boost exportable supply. Therefore, despite higher global demand, the US share of global soybean exports is forecast at 26 percent, down from 28 percent last year.
Global 2025/26 oilseed production is projected at 692.1 million tons, up 2 percent from last marketing year. Global soybean production is forecast at 426.8 million tons, up 1 percent, with higher production for Brazil, Paraguay, Russia, and China partly offset by low...