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Attaché Report (GAIN)

Vietnam: Vietnam Reduces MFN Tariff Rate in Soybean Meal

The Government of Vietnam (GVN) issued Decree 144/2024/ND-CP on November 1, 2024, lowering Most-Favored-Nation (MFN) tariff rates on soybean meal to one percent from two percent. The Decree will enter into force on December 16, 2024.
Trade Spotlight

U.S. Soybean Meal Exports Expected to Reach Record High

U.S. soybean meal exports set a record at an estimated 13.2 million tons in MY 2022/23 (Oct-Sep), valued at nearly $7 billion, driven by increased soybean crush to supply feedstock oil for growing U.S. biomass-based diesel production.
Stacked column chart illustrating the growth of U.S. soybean meal exports which are forecasted to reach a record high in MY 2023/24