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After hitting bottom during the previous season, Spain’s fodder production and exports are set to recover in MY 2024/25. A combination of higher area and yields are projected to bring fodder production to average levels.
On April 4, 2024, the Government of Bangladesh issued a Statutory Regulatory Order (SRO) allowing the bulk import of animal feed ingredients without labels; fixing an issue that was causing tariffs to be applied to shipments of feed ingredients when bulk containers did not have labels in them.
For MY 2023/24, lower area and poor yields are expected to push production levels well below the previous year’s levels.
MY 2023/24 European Union oilseed production is forecast to increase by over four percent over the previous drought affected year.