Japan: Oilseeds and Products Annual
Steady economic growth in Japan is forecast to contribute to moderate growth in vegetable oil production and consumption in marketing years 2017/18 and 2018/19. Greater expected profitability for rapeseed oil will lead to increased imports of rapeseed for crushing and reduced imports of oil-grade soybeans. Higher domestic soybean production will decrease demand slightly for imported identity preserved food-use soybeans. On tighter soybean meal imports from China, Japanese compound feed manufacturers will increase imports of distiller's dried grains with solubles from the United States. Industrial use of palm oil and palm kernel shells is forecast to increase, taking advantage of Japan’s feed-in tariff.
Japan: Oilseeds and Products Annual