Vietnam: Oilseeds and Products Annual
In Marketing Year (MY) 2013/14 (Calendar Year 2014), the United States became the largest exporter of soybeans to Vietnam, surpassing Brazil. U.S. soybean exports to Vietnam were 698 thousand metric tons (TMT), an increase of 26 percent from the previous year. In MY 2014/15, U.S. soybean exports are expected to reach about 750 TMT as Vietnam’s domestic crushing increases. In MY 2013/14, total soybean meal (SBM) imports were 3.64 million metric tons (MMT), a 14 percent increase over the previous year due to increasing demand from animal and aquaculture feed industries. This sector continues to develop and Post forecasts 2015 and 2016 SBM imports to slightly increase, to 3.75 MMT and 3.85 MMT, respectively.
