Japan: Oilseeds and Products Annual
A planned increase in the price of cooking oil in spring 2017 is not expected to have an impact on consumption. Further, Japanese crushers are enjoying improved margins on soybean meal. FAS/Tokyo forecasts a slight increase in soybean imports at 3.22 million metric tons (MMT) in market year (MY) 2016/17. Rapeseed imports and crush are forecast to decrease to 2.37 MMT given the increase in soybean imports. Food grade soybean imports increased marginally in MY 2016/17 to 760,000 metric tons based on novel flavors and consumer perceptions of soybean food products as healthy.
Japan: Oilseeds and Products Annual