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South Korea: Oilseeds and Products Annual
- 英文名称:
- South Korea: Oilseeds and Products Annual
- 工作单位:
- Office of Agricultural Affairs, Seoul
- 关键词:
- Oilseeds; Soybeans; Other Oilseeds; Exporting; Oilseeds; Soybeans; Other Oilseeds; East Asia and the Pacific; Korea; South;
- 年份:
- 2020
- 语种:
- English
- 摘要:
- FAS Seoul forecasts that Korean soybean production for MY 2020/21 will increase by 3 percent. Due to constant demand for imported soybeans, MY 2020/21 soybean imports are forecast to match the current marketing year estimate of 1.27 MMT. Imports of soybeans for crushing in MY 2020/21 are forecast to remain unchanged from the current marketing year’s estimate of one MMT as crushers continue to prefer processing soybeans over rapeseed. Soybean meal imports during MY 2020/21 are forecast at 1.9 MMT, similar level to the current marketing year, as Korean livestock inventories are expected to be stagnant. In MY 2019/20, soybean oil imports are expected to remain at 330,000 MT (with an estimated 80-90 percent U.S. market share), stagnant from the previous year.
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