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Taiwan Soy Exports Expected to Decrease

05 April 2012
USDA Foreign Agricultural Service

TAIWAN - Taiwan typically ranks among the top five export markets for US soybeans, but marketing year 2011/12 imports are expected to fall to 2.2 million metric tons due to reduced livestock production following outbreaks of avian influenza and foot and mouth disease.

Higher oil and protein content is stimulating interest in South American beans. As a result, US market share could also fall in MY2011/12. With an expected recovery in the livestock sector, imports are forecast to improve to 2.4 million metric tons in MY2012/13.

Taiwan is fully dependent on imports of soybeans with demand divided between food use and crushing for meal and oil. In marketing year (MY) 2010/11, Taiwan imported a total of 2.4 million metric tons (MMT) of soybeans, with 61 per cent sourced from the United States (valued at $763 million.)

Recent outbreaks of high pathogenic avian influenza (HPAI H5N2) and some isolated incidents of foot and mouth disease have disrupted local poultry and swine production. These incidents have also affected consumer demand, at least in the short term, following a string of highly sensationalized food safety events that have raised concerns about meat and poultry products in general.

As a result, soybean imports are expected to decline to 2.2 MMT in MY2011/12. With the eventual relaxation of consumer fears and an expected recovery of the local livestock sector, soybean imports are forecast to improve to 2.4 MMT in MY2012/2013.

Further Reading

- You can view the full report by clicking here.

April 2012

TheCropSite News Desk



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