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SA soya bean imports set to decline
South Africa's soya bean and oilcake (meal) imports could decline by 27% and 17% year-on-year in the 2018/2019 marketing year, to 20,000 tons and 458,992 tons, respectively. This is underpinned by an expected harvest of 1.4 million tons of soya beans in the 2017/2018 production season.
© Tharakorn Arunothai via 123RF
The expected decline in imports is driven by strong local production and favourable domestic prices, particularly for soya bean processors. There has been an increase in demand for locally produced soya bean to meet increasing animal feed demand, which in turn has been stimulated by increases in the demand for high protein food, particularly poultry products.
South Africa’s per capita consumption of poultry meat almost doubled over the past 17 years, currently estimated at 41 kilogrammes, according to data from the Department of Agriculture, Forestry and Fisheries.
Click here to read the full report.
Source: AgriOrbit
AgriOrbit is a product of Centurion-based agricultural magazine publisher Plaas Media. Plaas Media is an independent agricultural media house. It is the only South African agricultural media house to offer a true 360-degree media offering to role-players in agriculture. Its entire portfolio is based on sound content of a scientific and semi-scientific nature.
Go to: http://agriorbit.com/