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On April 18, 2025, the People’s Republic of China (China’s) State Administration for Market Regulation (SAMR) released the Announcement for Deployment of Inspection and Rectification Actions for Edible Vegetable Oils.

With favorable weather and steady fertilization, palm oil production is anticipated to rise 3 percent reaching 47 million metric tons (MMT) for 2025/26.

FAS Manila forecasts soybean meal imports in Marketing Year (MY) 2025/26 to increase by 3.1 percent to 3.35 million metric tons (MMT) compared to the previous MY, due to an increase in local feed demand from the broiler, layer, aquaculture, and pet food industries, along with the forecast gradual rebound of the swine industry.

Japan's vegetable oil and protein feed markets are mature and stable. While surging commodity prices and the shipping crisis impacted Japan's oilseed and product imports in the past, the situation has normalized.

Tunisian MY 2025/26 soybean imports are expected to reach 535,000 MT, compared to 530,000 MT in MY 2024/25 as demand for animal feed increases slightly.

Indonesia’s B40 biodiesel blending mandate program, which is expected to roll out in 2025, is projected to increase palm oil use by 3 percent to 22 million metric tons in 2024/25. Soybean consumption recovered in 2023/24 as soybean retail prices continue to decrease.

Indonesia introduced a new, simplified set of export levies for palm oil products, effective September 21, 2024, amidst decreasing crude palm oil (CPO) exports due to competition from other edible oils. Most of the new levies for palm oil exports will be reduced to between 3 percent to 7.5 percent of the reference price which the Government of Indonesia sets monthly.

Indonesia palm oil exports are estimated to decline to 26.5 million metric tons (MMT) in 2023/24 on lower output and weaker demand from key destination markets. Post revised down 2023/24 palm oil production to 45.6 MMT as 2023’s El Nino led to much lower yields than previously anticipated.

Post revises production estimates for MY 2023/24 down to 18.8 million tons accounting for hot and dry El Niño weather effects and limitations regarding labor. Top importing countries continue to drive demand and stocks drop to 1.83 million tons for MY 2023/24.

Indonesia palm oil production is forecast to rise marginally to 47 million metric tons (MMT) in 2024/25 on expected recovery from extreme weather in 2023.

This report analyzes all vegetable oil markets in Korea, whether for food or industrial use, and covers oils derived from soybean, palm, palm kernel, olive, rapeseed/canola, grapeseed, sunflower seed, corn, coconut, sesame, perilla seed (a leafy plant from the mint family), and rice bran.

Post revised down Indonesia palm oil exports estimate to 27.9 million metric ton (MMT) on lower supplies, higher domestic use and expected reduced export demand for 2023/24. Palm oil use for the biodiesel industry is revised down to 12.3 MMT for 2023/24 on lower-than-expected biodiesel distribution in 2023.