2025年韩国油籽作物及产品年度报告

Report Name:Oilseeds and Products Annual Country:Korea-Republic of Post:Seoul Report Category:Oilseeds and Products Prepared By:Yoona Jeon Approved By:Shoshana Griffith Report Highlights: Although domestic soybean production is forecast to reach a 20-year high in marketing year(MY) 2025/26, Korea will remain dependenton imports for 89 percent of total supply. Crushdemand, and thus soybean imports, are expected to remain stagnant, as market conditions drivecrush facilities to operate at 15-20 percent below capacity in MY 2024/25 and into MY 2025/26.With low crushing,Korea is forecast to maintain stable supplies of soybean meal for thedomestic feed market through imports and drawing down stocks. Imports of palm oil are forecastto return to average levels in MY 2025/26 following a reduction in MY 2024/25 due to highprices. Soybean oil will maintain its position as the most prevalent food use vegetable oil inKorea. The United States is reclaiming lost shares in the soybean oil market as exportablesupplies become available to Korean buyers once again. Contents Executive Summary.......................................................................................................................................3Oilseeds........................................................................................................................................................4Oilseeds Production.................................................................................................................................4Soybeans...............................................................................................................................................4Oilseeds Consumption.............................................................................................................................5Soybeans...............................................................................................................................................5Oilseeds Trade..........................................................................................................................................7Soybeans for Crushing..........................................................................................................................7Soybeans for Food Use.........................................................................................................................8Oilseed Meal...............................................................................................................................................12Oilseed MealProduction........................................................................................................................12Soybean Meal......................................................................................................................................12Oilseed Meal Consumption.....................................................................................................................13Soybean Meal......................................................................................................................................13Oilseed Meal Trade.................................................................................................................................15Soybean Meal......................................................................................................................................15OilseedOil..................................................................................................................................................18Oilseed Oil Production...........................................................................................................................18Soybean Oil.........................................................................................................................................18Oilseed Oil Consumption........................................................................................................................19Soybean Oil and Palm Oil....................................................................................................................19Oilseed Oil Trade.....................................................................................................................................20Soybean Oil and Palm Oil....................................................................................................................20Biofuels................................................................................................................................................23 Executive Summary Oilseeds Post Seoul forecaststhat marketing year (MY) 2025/26 soybean production will reach 160,000MT, a 20-year high, asgovernmentincentives forfarmerstosubstituterice acreagewithothercropsled to the highest planted area since 2013. Tosustainlong-termgrowth in domesticsoybean production, theKoreangovernmentis consi