1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:March 14,2025 Report Number:KS2025-0009 Report Name:Oilseeds and Products Annual Country:Korea-Republi

2、c 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 dependent on imports for 89 percent of total supply.Cru

3、sh demand,and thus soybean imports,are expected to remain stagnant,as market conditions drive crush 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 the domestic feed market thr

4、ough imports and drawing down stocks.Imports of palm oil are forecast to return to average levels in MY 2025/26 following a reduction in MY 2024/25 due to high prices.Soybean oil will maintain its position as the most prevalent food use vegetable oil in Korea.The United States is reclaiming lost sha

5、res in the soybean oil market as exportable supplies become available to Korean buyers once again.Contents Executive Summary.3 Oilseeds.4 Oilseeds Production.4 Soybeans.4 Oilseeds Consumption.5 Soybeans.5 Oilseeds Trade.7 Soybeansfor Crushing.7 Soybeansfor Food Use.8 Oilseed Meal.12 Oilseed Meal Pro

6、duction.12 Soybean Meal.12 Oilseed Meal Consumption.13 Soybean Meal.13 Oilseed Meal Trade.15 Soybean Meal.15 Oilseed Oil.18 Oilseed Oil Production.18 Soybean Oil.18 Oilseed Oil Consumption.19 Soybean Oil and Palm Oil.19 Oilseed Oil Trade.20 Soybean Oil and Palm Oil.20 Biofuels.23 Executive Summary O