Browse Data and Analysis

On April 8, 2025, the People’s Republic of China (PRC) National Crop Variety Registration Committee (CNCVRC) published a third variety registration list for genetically modified (GM) corn and soybeans.

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.

MY 2025/26 soybean crushing demand to grow at a slower pace of two percent due to slow economic recovery with uncertainties from the U.S. reciprocal tariff measures.

Vietnam’s soybean crushers are expanding capacity with new production lines coming online in the 2024/25 and 2025/26 marketing years.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.

Post forecasts MY 25/26 China soybean production at 19.8 million metric tons (MMT) and imports at 106 MMT. The production forecast is down slightly from MY 24/25 and the import forecast is up 2 percent year over year.

Although domestic soybean production is forecast to reach a 20-year high in marketing year (MY) 2025/26, Korea will remain dependent on imports for 89 percent of total supply.

On March 4, 2025, the General Administration of Customs of China (GACC) announced it was suspending soybean imports from three U.S. based entities. GACC stated that these suspensions were in response to recent, alleged detections of ergot and seed coating agents in U.S. soybean shipments.

Indonesia’s palm oil export estimates for 2024/25 are lowered due to the rollout of the new B40 Biodiesel mandate which is expected to raise domestic industrial palm demand by 2 percent.

On November 18, 2024, the Government of Indonesia (GOI) issued Regulation No. 19/2024 on the Supervision of Genetically Engineered Food which updates the labeling requirements for genetically engineered (GE) products, and regulates microbial biotechnology, genome editing, and the food safety assessment of products with stacked genes

FAS Kuala Lumpur (Post) projects a slight decrease in palm oil production in Market year (MY) 24/25 to 19.2 million metric tons (MT) on recent weather challenges and lower than average production in the beginning months of the MY. With palm oil at a premium to competing vegetable oils, Post estimates a decrease in exports of approximately 770 thousand MT for MY 24/25.

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.