South Korea to Increase Soybean Oil Imports This Year, USDA Says

South Korea may increase imports of soybean oil to 320,000 metric tons in the marketing year that ends Sept. 30, up from 300,000 tons last year, a unit of the U.S. Department of Agriculture said in a report posted on its website today.

Imports may rise to 360,000 tons in the season that starts Oct. 1, the USDA Foreign Agricultural Service said. South Korea’s soybean imports may fall to 1.2 million tons in the year that ends Sept. 30, down from 1.239 million last year.

To contact the reporter on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.