Vietnam: Oilseeds and Products Annual
Driven by strong feed demand from the livestock and aquaculture sectors and falling local soybean cultivation area, soybean imports are forecast to increase to 1.9 million metric tons (MMT) for marketing year (MY) 2018/19 (calendar year [CY] 2019), a significant increase from the MY2017/18 estimated level of 1.65 MMT. In MY2017/18, the United States had the largest market share for soybeans due to competitive prices. Post projects that soybean meal (SBM) imports will continue to increase to 5.2 MMT and 5.3 MMT in MY2017/18 and MY2018/19, respectively, driven by the continued expansion of the domestic feed and food industries.
