required report public distribution date 5 7 2004 gain number ja4047 japan oilseeds and products annual approved by clay hamilton u s embassy prepared tetsuo hamamoto highlights the high price of soybeans is causing japanese oil industry to reduce their oilseed imports for crushing however meal are expected increase compensate reduced domestic production china remain strong n but us has regained some its lost market share as growing demand increasingly competes with exports total soybean which accounts only percent consumption decreased 14 in cy 2003 due lower yields resulting from unfavorable cold weather conditions major areas includes psd changes yes trade matrix tokyo ja1 ja usda foreign agricultural service global agriculture information network template version 2 09 page 27 unclassified table contents situation outlook 3 4 section ii narrative on supply policy & marketing
