South Korea: Oilseeds and Products Annual

  |   Attaché Report (GAIN)

Contact:

Office of Agricultural Affairs, Seoul   |   (011-82-2) 397-4297

Soybean consumption in MY 2016/17 is forecast unchanged from the current marketing year at 1.42 MMT, while trade is also expected to remain stable at 1.3 MMT of which soybeans for crushing stay at 1MMT. Imports of food grade soybeans in MY 2016/17 are forecast around 290,000 MT with the U.S. expected to retain 70 to 80 percent market share. Soybean meal imports for MY 2016/17 are expected to stay at 1.75 MMT due to static livestock inventories. Meanwhile, soybean oil consumption is expected to remain at 470,000 MT because of stagnant demand in the bio-diesel sector, with rising demand for more cost effective palm oil at 480,000 MT.

South Korea: Oilseeds and Products Annual

East Asia and the Pacific, South Korea
Oilseeds, Soybeans, Oilseeds (excl. soybean)

Database Source:

Related Reports

View More
Attaché Report (GAIN)

India: Coffee Annual

FAS Mumbai forecasts marketing year (MY) 2025/26 coffee production (Oct/Sep) at six million 60-kilogram bags. A dry spell during January and February, followed by strong winds and excessive pre-monsoon rains in March and May,
Attaché Report (GAIN)

Canada: Grain and Feed Annual

Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.
Attaché Report (GAIN)

Guatemala: Coffee Annual

Guatemala’s coffee production areas remain stable, with gradual increases in output as ongoing renovation efforts begin to show results.