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FAS Manila forecasts MY 2024/25 soybean meal imports to reach 3.2 million metric tons (MMT), an increase of 4 percent attributed to the growing feed demand for livestock, poultry, and aquaculture. The projected 3 percent growth in soybean meal equivalent (SME) consumption coincides with the forecasted 3 percent increase in livestock production during the same period.

FAS Manila forecasts copra production at 3 million MT for MY 2023/24 because of the coming El Niño and the break from the 3-year productive cycle. Soybean meal imports are projected to reach 2.9 million MT because of expected expansion in the broiler and aquaculture sectors.

Nigeria continues to strive for self-sufficiency in oil palm production. Currently, production remains stable. Meanwhile, demand for palm oil outweighs supply. Nigeria meets the supply gap in oil palm through imports from Malaysia, China, and Côte d’Ivoire.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

The Philippines is the largest market for U.S. soybean meal (SBM) and a top coconut oil exporter. The country is also a major palm oil market for neighboring ASEAN countries. The loosening of COVID-related restrictions and the corresponding economic rebound are expected to support greater demand for soybean meal.

Nigeria’s oil palm sector contributes to economic development at all levels – national and state. Currently, the country's demand for palm oil outweighs its supply.

The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.

The Philippines is the largest market for U.S. soybean meal and the world’s top coconut oil (CNO) exporter.

In June 2019, the Nigerian government formulated a new policy to invest some $500 million in expanded palm oil production.

The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.

The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.

The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.