Thailand: Oilseeds and Products Annual
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Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend. Demand for biodiesel is expected to decline further in 2022, as the government reduced the biodiesel mandatory blend rate to curb retail prices of diesel fuel.