Browse Data and Analysis

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.

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 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.

Soybean and soybean meal imports are expected to increase in MY2016/17 to 5.5 million metric tons. The U.S. holds about a 20-22 percent share of the market.

As a result of dry weather conditions, crude palm oil (CPO) production for 2015 is estimated to decline by 10 percent to 1.8 million metric tons (MMT) from 2.0 MMT in 2014.

Soybean and soybean meal imports are expected to increase in MY2014/15 and MY2015/16.

The Thai Cabinet increased domestic palm oil supplies for cooking by at least 110,000 metric tons in February 2015 thru imports and a reduction in biodiesel mandates.