According to current USDA estimates, global production of oilseeds in the crop year 2020/21 will be around 597 million tonnes, which is up around 4 per cent year on year. After recent expectations of a record output of 605 million tonnes, the current forecast is slightly more cautious.
Since 2000, global oilseed production has nearly doubled. Soybean is the world's most important oilseed crop, accounting for 61 per cent of total oilseed production. Soybean farming has been heavily expanded over the past decades, especially in North and South America, in order to meet the growing demand for high-quality feed protein.
Since 2000, global oilseed production has nearly doubled. Soybean is the world's most important oilseed crop, accounting for 61 per cent of total oilseed production. Soybean farming has been heavily expanded over the past decades, especially in North and South America, in order to meet the growing demand for high-quality feed protein.
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