Required Report:Required-Public Distribution Report Name:Oilseeds and Products Annual Country:Japan Post:Tokyo Report Category:Oilseeds and Products Prepared By:Daisuke Sasatani Approved By:Craig Elliott Report Highlights: Japan’s oilseeds and products markets remain stable. Despite high prices, palm oil imports are consistentbased onsteady demand. Inflationary pressures eased for a period, encouraging crushers to increasesoybean crushing while also maintaining rapeseed processing. However, with vegetable oil pricesexpected to rise in combination with canola crush margins outperforming soybeans, crushers willprioritize rapeseed over soybean crushing. Increased use of Canadian canola has boosted mealproduction, creating a meal surplus that may dampen rapeseed imports. Despite ample, global soybean THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY Contents Oilseeds................................................................................................................................2Production..............................................................................................................................................................3Consumption..........................................................................................................................................................5Crush..................................................................................................................................................................5Food Use Consumption......................................................................................................................................7Feed, Seed, and Waste Consumption................................................................................................................8Trade......................................................................................................................................................................9Stocks...................................................................................................................................................................11 Production............................................................................................................................................................14Consumption........................................................................................................................................................16Feed and Waste Consumption.........................................................................................................................16Food Use Consumption....................................................................................................................................20Industrial Consumption....................................................................................................................................20 Oils.....................................................................................................................................24Overall Vegetable Oil Market...............................................................................................................................25Production............................................................................................................................................................28Consumption........................................................................................................................................................29Food Use..........................................................................................................................................................29Industrial Use...................................................................................................................................................30Feed Use...........................................................................................................................................................30 Oilseeds Commodities:Oilseeds, SoybeanOilseeds, Rapeseed Production Soybean Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF)officially reportedthat the soybeanproduction area for marketing year (MY: October to September) 2024/25 was 153,900 hectares (ha),with a total production of 252,400 metric tons (MT), resulting in an average yieldof 0.164 MT/ha. The Note: MY 2025/26erepresents FAS/Tokyo’s forecasts based onZen-noh data. MY 2026/27frepresents FAS/Tokyo’sforecasts. MY 2030/31trepresents MAFF’s target for 2030. For MY 2025/26, FAS/Tokyo estimates that Japan’s soybean production area has decreased to 141,000ha, based onZen-noh’s production and sales estimates. This eight percentannual decline is attributed totwo main factors. Firstly, domestic food-grade soybean prices stagnated in 2024 due to surplus supply.Secondly, and more signifi