Japan: Oilseeds and Products Annual

While Japan’s soybean production recovered in MY 2014/15, domestic production accounts for only 25 percent of soybeans consumed for food and a mere 8 percent of total soybean utilization. On steady feed demand and relatively stable crushing margins, soybean and soybean meal imports are expected to remain flat in MY 2014/15 and MY 2015/16. Following the resolution of Canadian rail-freight disruptions that suppressed imports in MY 2013/14, rapeseed imports should recover in MY 2014/15 and remain flat in MY 2015/16. Tropical oil imports are expected to flatten out in MY 2014/15 and MY 2015/16, as Japanese end-users approach the limits of their ability to replace temperate oils without altering final products or processes.

Japan: Oilseeds and Products Annual