Groundnut and Soybean Economies in Asia: Facts, Trends and Outlook

Abstract

This report provides a factual assessment of demand, production and international trade in oilseeds and their products in Asia, and explores future prospects for the oilseed sector by focusing on groundnut and soybean, the two most important crops grown in the continent. Rising per capita incomes and increasing urbanization are fuelling rapid growth in demand for edible oils in most Asian countries, raising their consumption rates close to the global average. Further, demand for oilcake meals – as animal feed – too has been increasing fast due to rapid growth in the livestock sector