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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
Attaché Report (GAIN)

Vietnam: Oilseeds and Products Update

After slow growth during the first half of 2023, Vietnam’s economy is on a path to recovery. Post has revised Vietnam’s feed consumption forecast to 26.6 MMT in MY2022/23 matching levels in MY2021/22.
Attaché Report (GAIN)

Pakistan: Oilseed and Products Update

Due to the recent ban on genetically engineered (GE) commodity imports, the 2022/23 soybean import forecast is reduced from 2.5 to 1.2 million tons. With the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly.