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The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend.
Soybean meal demand for feed use is forecast to increase in MY2021/22 as the swine herd repopulates from the impacts of African Swine Fever, along with a forecasted increase in poultry production and bovine herd expansion.
The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22
In 2020, Vietnam had to confront dual COVID-19 and African Swine Fever outbreaks, which affected both animal feed demand and domestic oil consumption.
Vietnam is currently recovering from the 2019 African Swine Fever outbreak, with estimated flat animal feed demand in marketing year (MY) 2019/20.
The emergence of COVID-19 across the globe, including Thailand, is expected to negatively impact demand from both feed and food industries for most of 2020, leading to a reduction in consumption...
On February 14, 2020, the Department of Livestock Production (DLP) of Vietnam's Ministry of Agriculture and Rural Development (MARD) issued an official letter 76/CN-TACN to detail....
With a young and growing middle-class and rising incomes, food and beverage processing in Vietnam has shown strong growth in the past five years.
Vietnam maintains strong demand growth for oilseeds for food and oil consumption.
Post projects a slight increase for soybean imports at 1.83 million metric tons (MMT) for marketing year (MY) 2019/20 (calendar year [CY] 2019) and 2 MMT for MY 2020/21 (CY 2020).
Thailand’s imports of soybeans and soybean meal will be limited due to feed demand growth of only 1 to 2 percent in MY2018/19 and MY2019/20.