FAS Bangkok (Post) expects soybean imports to rebound in Marketing Year (MY) 2022/23 and further increase to around 4 million metric tons in MY2023/24, driven by strong demand for poultry and swine feed. Soybean meal imports in MY2022/23 and MY2023/24 are expected to fluctuate after the surge in MY2021/22, when full fat soybean supplies were tight. Palm oil consumption is expected to rebound in MY2022/23 and further increase in MY2023/24, driven by the increase in mandatory blend rate of biodiesel.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov.
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