Vietnam: Oilseeds and Products Annual
Post projects a slight increase for soybean imports at 1.83 million metric tons (MMT) for marketing year (MY) 2019/20 (calendar year [CY] 2019) and 2 MMT for MY 2020/21 (CY 2020). This conservative estimate is due to potential challenges posed by recent (March 2019) detections of African Swine Fever (ASF) in Vietnam. Despite these challenges, Post still projects imports to continue to modestly increase due to the continuing decline in Vietnam’s overall soybean cultivation areas. In MY2018/19, the United States had the highest market share for soybeans due to competitive prices. Post projects that soybean meal (SBM) imports will remain constant at 5.2 MMT for both MY2019/20 and MY2020/21, as ASF may reduce the demand of animal feed in Vietnam’s swine industry.
