In Marketing Year (MY) 2012/13 (Calendar Year 2013), U.S. soybean exports to Vietnam were 556 thousand metric tons (TMT), a drop of 3.7 percent from the previous year, but an increase of 145 percent over 2011. In MY 2013/14, U.S. soybean exports are expected to reach about 600 TMT as Vietnam’s domestic crushing increases. In MY 2012/13, total soybean meal (SBM) imports rebounded to 2.97 million metric tons (MMT), a 19 percent increase over the previous year, as the feed sector recovered from the economic slowdown. This sector continues to improve and Post forecasts 2014 and 2015 SBM imports to slightly increase, to 3.1 and 3.2 MMT, respectively. Local soy oil production in 2013 dropped 9.8 percent due to lower than expected crushing, and exports dropped by 13 percent from the previous year due to lower production.
