Vietnam: Oilseeds and Products Annual

Soybean meal demand for feed use is forecast to increase in MY2021/22 as the swine herd repopulates from the impacts of African Swine Fever, along with a forecasted increase in poultry production and bovine herd expansion. Increased domestic soybean crush is driven by increasing feed and oil consumption demand. Soybeans for food consumption are also forecast to increase due to expected recovery from COVID-19. Post forecasts increases in imports of soybeans and soybean meal in MY2021/22.