low price soybeans oil production in durban

                                               
                                               
                                               
                                               
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  • How many tons of soybeans are produced in South Africa?
  • The bulk of South Africa’s soybean production is processed into oil and oil cake, with 1 047 603 tons being processed during the 2019/2020 season in comparison with 867 272 tons during the 2018/2019, when production was in some of the major soybean production regions because of drought conditions.
  • Does Agricol sell soybeans in South Africa?
  • Agricol has a trade agreement with the Argentine soybean seed giant Don Mario. Don Mario is the majority shareholder in the soybean market in South America and has an extensive research network in North- and South America. Soybean material from Argentina and Brazil are very well suited for South African conditions and adapts very well.
  • What affects South African soybean prices?
  • South Africa is a small player in the global soybean market, accounting for only 0,5% of global soybean production. This means that South African soybean prices are primarily influenced by market developments in significant soybean producing and consuming countries: the key producing countries are Brazil, the US, Argentina, India and Paraguay.
  • 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.