China has the potential to replace South America as the dominant exporter of soymeal to South East Asia, according to a report from Rabobank. By maximizing its existing crushing industry capacity – utilization is currently below 50% – China could ring-fence regional demand, providing a significant growth opportunity for Chinese crushing businesses. In doing so, China would fundamentally alter the battle for global soybean supply, forcing the crushing industry in the West to either find new markets or shut down…Full-text article: BlackSeaGrain Mar 2013

Key point

  • Southeast Asia accounted for 20% of the world’s soybean meal trade in 2011/12, and volumes are expected to increase due to rising demand from the region’s animal protein industry

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