Japan: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   JA2024-0017

Link to report:

Japan: Oilseeds and Products Annual
In relation to persistent rising food prices, Japan has seen a decline in overall vegetable oil consumption. Due to the more favorable crush margin for canola compared to soybeans, FAS/Tokyo forecasts a reduction in soybean imports and crush, while seeing an increase in rapeseed imports and crush for both MY 2023/24 and MY 2024/25. Consequently, Japan is expected to decrease domestic soybean meal production, leading to an increase in soybean meal imports. The elevated price of North American identity-preserved, food-grade soybeans coupled with the Japanese yen depreciation has weakened their price competitiveness versus domestically produced ones. This pricing shift is causing Japanese farmers to consider planting more soybeans.
East Asia and the Pacific, Japan
Oilseeds, Soybean Meal, Soybeans

Database Source:

Related Reports

View More
Attaché Report (GAIN)

European Union: European Union Finalizes New Rules for Packaging and Packaging Waste Reduction: TEST EDIT

In March 2024, the Council of the European Union and European Parliament concluded negotiations on the EU’s Packaging and Packaging Regulation. The current text is going through a legal review but is now de-facto final and is expected to be formally adopted in the coming months. TEST EDIT
Attaché Report (GAIN)

Canada: Canada Implements a Federal Plastics Registry

On April 22, 2024, Canada announced the implementation of a Federal Plastic Registry to monitor the types and volumes of plastic products, including plastic packaging used in agriculture and food manufacturing, through their life cycle on the Canadian market.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices increased one percent as exporters are securing rice supplies to fulfill contracted shipment despite the weakening of the Thai baht.