• How many tons of soybean oil did Vietnam import in 2022?
  • In terms of Soybean Oil, according to AgFlow data, Vietnam imported 44,000 tons from Argentina in 2022, followed by Russia (30,000 tons). A prominent consumer consumption trend in Vietnam¡¯s Vegetable Oil industry is the increasing consumer interest in high-grade Vegetable Oils after the Covid-19 pandemic.
  • Are biotech soybeans cultivated in Vietnam?
  • Commercial biotech soybeans are not cultivated in Vietnam, and there are no applications currently in review. For more information on biotech crop cultivation in Vietnam, please refer to GAIN report VM8051. Post reduces its estimate of the MY2018/19 crush volume at 1.2 MMT, lower than USDA official data.
  • Which country exports the most soybeans to Vietnam?
  • In MY 2018/19, the United States remained the largest exporter of soybeans to Vietnam due to competitive prices, with Brazil second. Due to the detection of ASF in Vietnam¡¯s swine industry, Post projects SBM imports will remain constant at 5.2 MMT for both MY2019/20 and MY2020/21.
  • Why is soy oil production increasing in Vietnam?
  • Vietnam¡¯s crude soy oil production from industrial crushing plants is increasing because of increased crush. However, with the delay in the start of operations for the northern crushing plant, Post revises its estimate for MY2018/19 production at 250 TMT.
  • How much soybean is produced in Vietnam?
  • According to official data from the Vietnamese General Statistics Office (GSO), Vietnam¡¯s MY2018/19 soybean production was 80.8 thousand metric tons (TMT) on 53,100 hectares (ha). This is a production drop of nearly 21 percent compared with the previous year.
  • What are the forecasts for soybean crush in Vietnam?
  • Post forecasts MY2019/20 and MY2020/21 soybean crush to increase to 1.35 MMT and 1.4 MMT respectively due to the expected operations of both crushing facilities in Vietnam, as the need for SBM in the feed sector continues to drive overall demand higher. Feed production will continue to increase, slowly.