Cape Town 2024 factory supply soybean seed oil

May 2024 Report NAMC

  • Cape Town 2024 factory supply soybean seed oil
  • Cape Town 2024 factory supply soybean seed oil
  • Cape Town 2024 factory supply soybean seed oil
  • Cape Town 2024 factory supply soybean seed oil

Global Market Report Soybean prices and sustainability

Soybeans Reports, Accurate & Accredited SAGL

Global Soybean Supply and Demand & 2024

Oil Crops Outlook: March 2024 USDA ERS

  • How many tons of soybeans will South Africa produce in 2024?
  • The total supply of soybeans is projected at 2 105 087 tons for the 2024/25 marketing season. This includes an opening stock level (on 1 March 2024) of 319 797 tons, local commercial deliveries of 1 767 790 tons, 10 000 tons of soybean imports for South Africa and a surplus of 7 500 tons.
  • Is South Africa still a net exporter of soybeans?
  • This size would still keep South Africa a net exporter of soybeans. The sunflower seed harvest estimate is 589 000 tons, down 12.2% from last month, but also down 18.2% on the year.
  • How big is South Africa's 2023/24 soybean harvest?
  • The 2023/24 soybean harvest is estimated at 1,8 million tons, down 15.2% from last month, and 34.5% from a year ago. This decline is a function of moderately lower area plantings and possible yield decline in various regions. This size would still keep South Africa a net exporter of soybeans.
  • Why is South Africa expanding its soybean industry?
  • The expansion of South Africa’s soybean industry can be largely attributed to the breeding and technology levy collected over the past years and the distribution of funds back to the seed companies’ breeding and technology programmes.

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