Due mainly to unfavorable weather, Japanese soybean production was down 16 percent in MY 2013/14. Despite this reduction, Post anticipates only a slight increase in food-grade soybean imports in MY 2013/14 as overall soy food consumption continues to decline. In the face of high global soybean prices and slackening soybean oil demand, Post projects that Japanese soy imports will continue their steady decline in MY 2013/14 and MY 2014/15.
