Vietnam: Oilseeds and Products Annual
In Marketing Year (MY) 2014/15 (Calendar Year 2015), the U.S. was unseated by Brazil as the largest exporter of soybeans to Vietnam. U.S. exports placed 2nd in the market at 660 thousand metric tons (TMT), a drop of 5.4 percent in volume. In MY 2015/16 (CY 2016), U.S. soybean exports are expected to fall to about 550 TMT as poor early year sales will not be made up for by fall 2016 exports. In MY 2014/15, total soybean meal (SBM) imports were 4.5 million metric tons (MMT), an increase of about 23 percent over the previous year (3.65 MMT) due to increasing demand from animal and aquaculture feed industries and food industry. The feed sector continues to grow keeping pace for the livestock and aquaculture sector’s development and Post forecasts 2016 and 2017 SBM imports to slightly increase, to 4.6 MMT and 4.7 MMT, respectively.
