Vietnam: Oilseeds and Products Annual
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Vietnam’s economy is on the path to recovery. Post revises Vietnam’s MY2022/23 soybean meal consumption down to 5.65 MMT due to lower aquaculture feed consumption and forecasts an increase to 5.85 MMT in MY 2023/24. Post forecasts an increase in soybean imports in both MY2023/24 and MY2024/25 for both crush and food use. Soybean meal imports are forecast to decrease to 4.7 MMT in MY 2024/25 due to higher domestic crush.
