MARKET REPORT FEED & ADDITIVE MAGAZINE December 2025 99 Soya beans (186.2 million tons) account for 88.2% of global oilseed imports, while rapeseed (17 million tons) accounts for 8%. China has the largest share of oilseed imports on a country basis, and is expected to import approximately 117.5 million tons of oilseeds in the 2025/26 season. Approximately 112 million tons of this will be soybean imports and 4.1 million tons will be rapeseed imports. The EU follows China with 21.7 million tons of oilseed imports. Of the EU countries' oilseed imports, the largest share is soybeans with 14.3 million tons and rapeseed with 5.7 million tons. These countries are followed by Mexico with 8.1 million tons of oilseed imports (6.7 million tons of soybean imports) and Argentina with 7.2 million tons of oilseed imports (all of which are soybean imports). Brazil has the largest share in global oilseed exports. According to USDA estimates, Brazil will export 112.6 million tons of oilseeds in the 2025/26 season, almost all of which will be soybeans. Brazil will be followed in oilseed exports by the United States with 46.9 million tons (45.9 million tons of soybean exports) and Canada with 11.8 million tons (5.1 million tons of soybean exports and 6.7 million tons of rapeseed exports). OILSEED MEAL TRADE: 2024/25 SEASON AND 2025/26 OUTLOOK Oilseed meal trade is expected to grow at a slower pace. According to USDA data, global oilseed meal imports, which stood at 107 million tons in the 2024/25 season, will reach approximately 110 million tons in the 2025/26 season. In the same season, the largest importers by country are expected to be the EU with 22.5 million tons, China with 9 million tons and Vietnam with 7.6 million tons. Argentina ranks first in terms of exports. According to USDA estimates, Argentina will export 31.2 million tons, Brazil 23.2 million tons, and the US 17.6 million tons of oilseed meal in the 2025/26 season. A very large portion of global oilseed meal trade is in the form of soybean meal. According to USDA estimates, 78.6 million tons of soybean meal will be imported in the 2025/26 season. The EU will lead soybean meal imports with 17.6 million tons, followed by Vietnam with 6.6 million tons and Indonesia with 6.2 million tons. Argentina (30.1 million tons), Brazil (23.2 million tons) and the US (17.4 million tons) will account for the bulk of global soybean meal exports. Rapeseed meal trade is quite limited compared to soybean meal. Rapeseed meal imports are estimated to reach approximately 10.2 million tons in the 2025/26 season. China is the largest importer in this product group, with 2.6 million tons. In terms of exports, Canada is the clear leader, with 5.5 million tons of rapeseed meal exports. India follows with 1.8 million tons. International trade in other oilseeds and meal is quite low. IMPACT OF SUPPLY AND DEMAND EXPECTATIONS The 2025/26 season is notable for strong production and crushing volumes in the oilseed market. High production figures for key products such as soybeans, rapeseed and sunflower seeds appear poised to meet global protein and vegetable oil demand. However, dynamics such as China's changing import strategies, rapeseed trade tensions between Canada and China, geopolitical fragilities in the Black Sea region, and production uncertainties in South America due to weather conditions continue to be decisive in the direction of global oilseed trade. In the feed sector, soybean, rapeseed and sunflower meal retain their importance as primary protein sources, while demand for alternative protein sources such as palm kernel meal is also increasing. In the vegetable oil market, the trio of palm oil, soybean oil and sunflower oil will continue to drive global demand. References 1. Oilseeds: World Markets and Trade | USDA Foreign Agricultural Service 2. International Grains Council, Grain Market Report
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