soyabin oil refinery by product in vietnam

                                               
                                               
                                               
                                               
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  • Will soybean meal (SBM) imports remain constant in Vietnam?
  • Post projects that soybean meal (SBM) imports will remain constant at 5.2 MMT for both MY2019/20 and MY2020/21, as ASF may reduce the demand of animal feed in Vietnam’s swine industry.‌
  • 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.‌
  • How many cooking oil companies are there in Vietnam?
  • There are currently about 40 cooking oil companies in Vietnam, however, most of the market share is held by 3 major companies including Calofic, which accounts for nearly 40% of the market share; Tuong An with 20% of market share and Kido – Nha Be with 11%.‌
  • 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.‌
  • 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.‌
  • Why are soybean yields declining in Vietnam?
  • The continuing decline in soybean growing areas in both the North and South is a result of an overall trend of Vietnamese farmers switching to more profitable crops, such as various fruits and vegetables. However, Post notes that yields maintained slight increase due to the planting of higher yielding varieties (See Table 1).