Thailand: Oilseeds and Products Annual

The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22. The increased demand for livestock and aqua feed will likely boost soybean meal imports in MY2021/2022 due to insufficient local supplies. MY2021/22 palm oil production is expected to recover from the drought-triggered 13 percent reduction in oil palm production in MY2019/20.