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In Marketing Year (MY) 2015/16 (Calendar Year [CY] 2016), the U.S. overtook Brazil to reclaim its position as the largest exporter of soybeans to Vietnam due to more competitive prices.
Palm oil production is expected to increase from 17.7 million tons in 2015/16 to 19.4 million tons in 2016/17 and to 21 million tons in 2017/18 due to palm trees recovering from tree stress....
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.
A planned increase in the price of cooking oil in spring 2017 is not expected to have an impact on consumption.
The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.