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AMIS Market Monitor

last release: Sep 2017

Policy Developments

  • On 24 August, the Ministry of Agroindustry in Argentina announced the resumption of soybean oil exports to China.
  • In Brazil, the Soybean-Free Institute was inaugurated on 2 August in the State of Mato Grosso with a view to promote the production, processing and exportation of non-genetically modified soybeans. Dedicated storage and loading facilities are available at Porto Velho on the Madeira River to export conventional soybeans, mainly to European and Asian markets.
  • Following the support initially expressed by EU Agriculture Ministers in June 2017, the European Soya Declaration was signed by 13 member States of the European Union on 31 July. As reported in the last Market Monitor, the Declaration supports local, regional, national and European initiatives to develop sustainable domestic protein supplies, in particular derived from soybeans.
  • On 11 August, India increased the import tariff on crude soybean oil from 12.5 percent to 17.5 percent. The increase in import duties is meant to restrict cheap imports and thereby help farmers who are facing low domestic prices of oilseeds due to bumper production.