Browse Data and Analysis

In the marketing year (MY) 2025/2026, Mexico is forecast to increase its oilseed crush due to rising demand for vegetable oil and animal feed.

Mexico’s oilseed crush in marketing year (MY) 2024/25 is forecast to increase due to higher vegetable oil and animal feed demand. Forecast economic growth and lower interest rates are expected to drive production of oil and meal and increase Mexico’s soybean and rapeseed imports by four percent and seventeen percent, respectively.

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/Mexico expects slower growth in the vegetable oil and oil meal sectors in marketing year (MY) 2023/24 compared to recent years, given potential declines in consumer purchasing power, a forecast slowdown in Mexico’s economy, and persistent inflation.

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.

Oilseed production is met with mixed expectations in 2022. Total soybean production is forecast to increase slightly due to higher planted area in marketing year (MY) 2022/23. However, the cancellation of federal commercialization support programs...

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.

Oilseed production is expected to rebound in marketing year (MY) 2021/22, as high international prices should encourage farmers to increase their soybean planted area.

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

Oilseed production is expected to have a mixed outlook in 2020. Soybean production is forecast basically unchanged at 250,000 metric tons (MT), as the cancellation of federal commercialization...

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