Table 08: Soybean Meal: World Supply and Distribution


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Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons
Date Created 07/11/2025 12:00:14 PM

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	2021/22	2022/23	2023/24	2024/25	Jun 2025/26	Jul 2025/26
Production	nr	nr	nr	nr	nr	nr
China	71,280	76,032	78,408	81,576	85,536	85,536
United States	47,005	47,621	49,084	51,979	53,252	54,295
Brazil	39,091	41,702	41,565	43,987	44,776	44,776
Argentina	30,287	23,648	28,535	32,838	33,540	33,540
European Union	12,166	11,297	11,455	11,850	12,087	12,087
India	6,800	8,240	9,040	8,800	9,080	8,920
Mexico	5,020	5,255	5,159	5,255	5,530	5,372
Other	36,514	34,678	36,314	41,024	43,926	44,051

Total	248,163	248,473	259,560	277,309	287,727	288,577

Imports	nr	nr	nr	nr	nr	nr
European Union	16,536	15,997	16,537	18,800	17,100	17,100
Vietnam	5,531	4,724	6,027	6,500	6,450	6,550
Indonesia	5,535	5,434	5,055	6,000	6,100	6,100
Philippines	2,897	2,793	3,155	3,200	3,400	3,400
Iran	1,362	1,185	2,985	3,200	3,150	3,300
Thailand	3,077	3,141	2,770	3,000	3,100	3,100
Mexico	1,827	1,670	1,935	2,300	2,400	2,550
United Kingdom	2,015	1,762	1,976	2,230	2,350	2,350
Colombia	1,831	1,603	1,585	2,000	2,100	2,200
Ecuador	1,775	1,771	2,000	2,100	2,200	2,200
Other	24,888	23,205	25,714	27,576	29,350	29,602

Total	67,274	63,285	69,739	76,906	77,700	78,452

Exports	nr	nr	nr	nr	nr	nr
Argentina	26,589	20,764	24,891	29,100	30,000	30,000
Brazil	20,207	21,334	22,722	23,000	23,200	23,200
United States	12,303	13,196	14,564	15,785	16,329	16,964
Bolivia	2,167	2,155	1,509	1,900	2,000	2,000
Paraguay	1,270	1,992	1,683	1,725	1,680	1,680
Other	6,242	7,612	8,775	8,637	8,020	8,120

Total	68,778	67,053	74,144	80,147	81,229	81,964

Domestic Consumption	nr	nr	nr	nr	nr	nr
China	71,100	75,050	77,150	80,450	84,150	84,150
United States	35,323	34,946	35,068	36,855	37,490	37,898
European Union	27,742	26,742	26,942	29,542	28,842	28,842
Brazil	19,700	20,000	20,000	20,500	21,500	21,500
Vietnam	6,235	5,785	6,640	7,775	8,005	8,095
Mexico	6,875	6,930	7,080	7,430	7,875	7,875
India	6,273	6,625	7,075	7,075	7,650	7,490
Indonesia	5,550	5,580	5,200	5,740	6,100	6,100
Iran	3,500	3,550	4,810	5,300	5,500	5,650
Thailand	4,900	4,750	4,575	4,950	5,300	5,300
Russia	3,500	3,650	3,900	4,100	4,300	4,300
Egypt	3,700	2,700	2,910	3,400	4,125	4,125
Japan	3,610	3,550	3,521	3,500	3,710	3,710
Argentina	3,325	3,450	3,500	3,500	3,600	3,600
Philippines	2,950	2,930	3,210	3,240	3,330	3,330
Other	41,736	40,808	43,111	47,614	52,046	52,393

Total	246,019	247,046	254,692	270,971	283,523	284,358

Ending Stocks	nr	nr	nr	nr	nr	nr
Brazil	3,656	4,030	2,891	3,388	3,474	3,474
Argentina	2,797	2,298	2,443	2,766	2,686	2,716
China	710	937	794	970	1,206	1,206
European Union	658	473	871	1,279	1,024	1,024
Vietnam	426	261	678	611	635	645
Other	8,393	6,300	7,085	8,845	9,343	9,501

Total	16,640	14,299	14,762	17,859	18,368	18,566

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay, Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/February MY.