Taiwan's soybean imports are forecast at 2.2 to 2.3 million metric tons for the next two years. Taiwan's poultry production is expected to remain at current levels. Taiwan consumes approximately 1.7 million metric tons soybean meal for animal feed annually. Locally crushed soybean meal accounts for about 95 percent of the total. Locally crushed meal faces market challenges from imported soybean meal and DDGS as a substitute for soybean meal. Taiwan's demand for soybean oil from locally crushed beans remains strong, and soybean oil captured a 65 percent share, up by 4 percent, of Taiwan's total vegetable oil consumption in 2006. However, Taiwan's palm oil consumption is expected to increase due to trans-fat concerns in the HRI sector and for biodiesel processing.
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