Browse Data and Analysis

MY 2023/24 and MY 2024/25 soybean crush will be well below the five-year pre-pandemic average annual growth due to a slow economic recovery.

FAS Bangkok (Post) expects soybean imports to rebound in Marketing Year (MY) 2022/23 and further increase to around 4 million metric tons in MY2023/24, driven by strong demand for poultry and swine feed.

FY2022 agricultural exports reach record levels.

Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend.

FY2021 agricultural exports reach record levels.

In the first quarter of 2021, U.S. soybean exports reached the second-highest value ever at $7.7 billion, nearly double the same period last year.

The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22

The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.

The emergence of COVID-19 across the globe, including Thailand, is expected to negatively impact demand from both feed and food industries for most of 2020, leading to a reduction in consumption...

Thailand’s imports of soybeans and soybean meal will be limited due to feed demand growth of only 1 to 2 percent in MY2018/19 and MY2019/20.

Slow feed demand growth will limit Thailand’s imports of soybean meal in MY2017/18 and MY2018/19, but have less impact on Thai imports of soybeans.

Growing feed demand driven by expanding livestock and poultry sectors is expected to generate increased import demand for soybeans in MY2017/18 and soybean meal in MY2016/17 and 2017/18.