Vietnam: Oilseeds and Products Annual
In Marketing Year (MY) 2015/16 (Calendar Year [CY] 2016), the U.S. overtook Brazil to reclaim its position as the largest exporter of soybeans to Vietnam due to more competitive prices. U.S. exports reached a record level of 863.3 thousand metric tons (TMT), an increase of 31 percent in volume. For MY 2016/17 (CY 2017), U.S. soybean exports are expected to increase to about 900 TMT. In MY 2015/16, total soybean meal (SBM) imports were 5.09 million metric tons (MMT), an increase of about 11 percent over the previous year (4.58 MMT) due to increasing demand from the animal and aquaculture feed industries and food industry. The feed sector continues to grow, keeping pace with development in the livestock and aquaculture sectors, and Post forecasts 2017 and 2018 SBM imports to increase, to 5.15 MMT and 5.2 MMT, respectively.
