The oil seeds market in the world over the times has been evolving; new players have emerged and new trends have been observed depending on the demand and supply of oil seeds. Some of the seeds that are great oil producers are Sunflower, Soybeans, Rapeseed, and peanut seeds. Soybeans are among the hugely produced and among the most used in production of vegetable oil.
Besides, vegetable oils are on high worldwide since it is used in almost all meals prepared. Soybeans have in many years been cultivated and produced in Asian civilizations; it is among the most essential crops produced globally. Soybeans have many commercially important products protein powders, soy milk, vegetable oils, soil cheese and tofu among others.
These products are known to have essential nutrients which reduce certain cancers and heart disease. Although the oil seeds originated from Asia, most of the leading producers are outside Asian continent. For that reason, below are some of the largest oil seeds producing countries In the world in 2018.
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1. United States
The U.S. is the global leader of soybeans and has been on the lead for several years; it accounts for over a third of global production. The dominant oil seed production is by soybeans which is estimated at 90 percent. The country controls a whopping market share of 42 percent of world exports. Besides, it is important noting that the country has committed 34.4 million hectares of its arable land for soybeans production. Most of the plantations are found in Pennsylvania, Kentucky, Ohio, Wisconsin, and Minnesota while the largest soybeans producing states are Minnesota, Illinois, Nebraska, Iowa, and Indiana. The increased production is due to the rising demand for bio-fuel which is used for producing combustible engine oil. The annual production of soybeans in U.S. stands at approximately is 115,802,000 metric tons.
Brazil is the second largest producer of soybeans in the world; the country has over 29 million hectares under soybean plantations. The country has experienced a steady rise in production over the recent past and this has helped it earn about $23 billion. Besides, research has shown that soybeans from Brazil are very rich in nutrients compared to those from other countries in the world and this makes them to attract high prices. The country is also famous for its non-genetically modified soybeans which are preferred by some consumers and this increases the prices they are sold at to increase the income. The estimated annual production of Brazil is 107,000,000 metric tons.
The third spot among prime soybean producers is taken by Argentina; the country has dedicated 20.3 million hectares soybeans plantations. Most of these plantations are found in Santa Fe, Buenos Aires, and Cordoba states. The country contributes 18% of the global production making it a huge player from Southern America. However, Argentina only exports 7 percent of that produce. The rest is used to make oil and soy meals which are also exported; this makes it the largest exporter globally of these products. By the year 2013, the export of soybeans and its products was the greatest export for Argentina and earned about $10.7 billion. The annual soybean production for the country is 56 million metric tons.
China is among the prime soybean producers; it is the 4th largest player globally. Major plantations in the country are located near the Russian border in Heilongjiang Province. The amount of land under these oil seeds is estimated to be 235 million hectares. Although China is a huge producer, it need to import since the domestic demand is very high in the country; the country has to import about 60 percent of soybeans exported worldwide. This makes it the largest importer of soybeans in the world and other European Union countries comes behind it. Hence, it becomes the greatest determinant of the global soybean prices. Harvest in the previous times has been increasing and the annual production is estimated at 13.8 million metric tons which is accounts for 5.2% global production.
India holds the 5th position of the largest soybeans producer in the world. According to statistics, it is ranked as the second largest producer from Asia with production of about 4.2% of the global production. Additionally, the major production areas in India are Madhya Pradesh and Maharashtra states which contributes about 90 percent of the country’s produce. Some other areas with small scale production includes Andhra Pradesh, Rajasthan, Karnataka, Gujarat and Chhattisgarh. Export of soybean products earns the country about $2.7 billion and India plans to increase production so as to meet the rising demand. It aims at improving agricultural practices and integrating technology in its production strategies; this will increase the produce significantly. The annual production in India is estimated to be 11,948,000 metric tons.
Paraguay is among the leading soybean producers in the world and holds the 6th position worldwide. Statistics show that the country’s harvest accounts for 3 percent of the global production. The country has been increasing area under cultivation for soybeans and this has resulted to increased produce over the years. This has seen about 3.1 million hectares being committed to soybeans plantations. Besides, the land under soybeans is expected to increase in the next 1 decade to about 4 million hectares; this will see that Paraguay meets the oil seeds demand to match up the rising demand worldwide. Some of the leading export destination for Paraguayan soybeans are Egypt, Brazil, EU, Mexico, Russia, and Turkey. Soybeans are among the leading exports for Paraguay and brings in an income of about $2.41 billion to the country’s GDP. The annual production is estimated to stand at 9.4 million metric tons.
The country has over 5.5 million hectares under soybean production; this has gained Canada a prime slot among soybean producers in the world. The production has been increasing over years and has contributed remarkably to the GDP of the country by attracting exports worth over $1 billion USD. Besides, some of the greatest areas in Canada where soybeans are grown includes Ontario and Quebec provinces; this is about three quarter of all the production in the country. The exported production which is estimated to be over 66% is imported by countries such as the Netherlands, Japan, United States, Middle East, and Southeast Asia. The annual production of these oil seeds is estimated at 8.4 million metric tons.
The country is the largest European producer of soybeans; it also ranks 8th among the leading world producers. Over 50% of Ukrainian soybeans are exported and production has been increasing the recent past to meet the export demands of oil seeds. The country has over 2.1 million hectares under soybean plantation; which was a significant increase from a mere 65,000 in 2000. The Ukrainian annual production stands at approximately 4.6 million metric tons.
Plantations of soybeans in Uruguay occupy more than 60 percent of the country’s arable land. The production of these seeds has been gradually increasing over the years and the trend is expected to continue. Statistics show that the country has benefited from the soybeans exports which are estimated to bring in an income of around $1.89 Billion. Besides, it is of importance noting that Uruguayan farmers have been embracing enhanced farming practices such as planting certified seeds that does extremely well in the country’s ecological environs. Most of the seeds planted in the country have undergone through modern biotechnology to improve productivity and efficiency. The annual soybean production of Uruguay has been estimated at 3.2 metric tons.
The country’s most beloved crop for many years with approximately 14,000 farmers. Large plantations are found in the Santa Cruz region and it is estimated that every hectare yields up to 2.3 metric tons; the country has over 1 million hectares under soybeans farming. Soybean farming employs about 45,000 individuals directly and around 65,000 workers indirectly. Besides, the country in 2015 suffered a major drought that affected soybeans production and the harvest dropped drastically. Currently the country benefits with a contribution of about 3 percent from this farming which is equivalent to $620 million income made from the trade of soybeans. The annual production of soybeans in Bolivia is approximated to stand at 3.1 metric tons.
These are the top 10 oil seeds producing countries in the world as of today. Amongst the healthiest of all oils comes from these seeds and the world today is adopting to cholesterol free cooking oil which can be found only in these natural seeds. To boost your health try consuming the byproducts of oil seeds and you might evade diseases like cancer, diabetes among others.