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 04,2026 Report Number:KS2026-0006 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:The Republic of Korea(ROK)s soybean crushing volumes are forecast to stay below both processing capacity and the three-year average in marketing year(MY)2026/27,reflecting wea
3、k crushing demand due to favorable global prices for soybean byproducts.The ROK government announced that starting in 2026 they will discontinue voluntary add-ons to the food soybean WTO tariff-rate quota(TRQ)to promote domestic soybeans,resulting in market loss for U.S.exports.Soybean meal will rem
4、ain the dominant protein source in compound feed production,though dried distillers grains with solubles(DDGS)are gaining market share.Soybean oil imports continue to rise,offsetting declining domestic crushing to meet demand for soybean oil as the primary edible oil in the Korean market.Shares of U
5、.S.soybean oil continue to fluctuate based on export availability and increasing competition as Korean buyers diversify to new countries of origin for sourcing crude or refined soybean oil.2 Contents Executive Summary.3 Oilseeds.4 Oilseeds Production.4 Oilseeds Consumption.6 Oilseeds Trade.7 Soybean
6、sfor Crushing.7 Soybeansfor Food Use.8 Oilseed Meal.12 Oilseed Meal Production.12 Oilseed Meal Consumption.13 Soybean Meal.15 Oilseed Meal Trade.17 Soybean Meal.17 Oilseed Oil.20 Oilseed Oil Production.20 Soybean Oil.20 Oilseed Oil Consumption.21 Soybean Oil and Palm Oil.21 Oilseed Oil Trade.23 Soyb