MY14/15 total oilseed production is forecast at 56.8 million tons, down by 3.3 percent, primarily due to lower cottonseed production, from an estimated 58.7 million tons in MY13/14. Despite a short drop in oilseed product consumption in MY13/14 total oilseed demand is expected to continue an upward trend, particularly for soybeans, with total imports likely to exceed 67 million tons in MY13/14 and 72 million tons in MY14/15.
