# African Continent’s Limited Role in the Global Oilseed Market

> Willagri notes that USDA projects 663 million tonnes of world oilseed production for 2023-24, with Brazil at 163 million tonnes of soybeans and Ukraine producing about 15 million tonnes of sunflower seed. The article says Africa produces about 26 million tonnes of oilseeds and imports 10 million, with China projected to import 100 million tonnes of soybeans.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34239-african-continent-s-limited-role-in-the-global-oilseed-market
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Global oilseed supply is ample relative to import demand, which keeps the meal and oil complex supplied for feed buyers. Africa's import dependence adds to trade flows but does not change the overall price outlook.

## Read by commodity

- SBM: neutral
- SOY: neutral
- SUNMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-18 | [Grain SA's Oilseed Market Commentary- South Africa](https://feedsoft.ai/events/58706-grain-sa-s-oilseed-market-commentary-south-africa.md) | -0.4% | -2.7% |
| SOY | 2016-07-18 | [Taking a look at the role of USDA reports in the market  – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/4944-taking-a-look-at-the-role-of-usda-reports-in-the-market-ohio-ag-net-ohio-s.md) | -6.2% | -6.5% |
| SOY | 2021-09-28 | [#Agbiz: Market views on the 2021/22 global and domestic grains and oilseeds harvest \| OFM](https://feedsoft.ai/events/44991-agbiz-market-views-on-the-2021-22-global-and-domestic-grains-and-oilseeds.md) | -4.0% | -3.9% |
| SOY | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | -2.2% | +2.9% |
| SOY | 2019-05-31 | [Grain Market Review: Oilseeds-2019](https://feedsoft.ai/events/59148-grain-market-review-oilseeds-2019.md) | -2.3% | -0.1% |
| SBM | 2022-08-20 | [Oilseeds: World Markets and Trade \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/39999-oilseeds-world-markets-and-trade-global-oil-and-fats-business-online-gofbonline.md) | +4.8% | -4.0% |
| SBM | 2017-04-01 | [Markets for oilseed meals in Australia](https://feedsoft.ai/events/72097-markets-for-oilseed-meals-in-australia.md) | -0.3% | +1.9% |
| SBM | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | +1.2% | +9.5% |

## Sources

- willagri.com: https://www.willagri.com/2023/09/18/lafrique-est-absente-des-marches-mondiaux-des-oleo-proteagineux/?lang=en

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.