South Africa’s soybean and its by-product imports set to decline in 2018/19
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South Africa’s soybean and oilcake (meal) imports could decline by 27 percent and 17 percent year-on-year in the 2018/19 marketing year, to 20 000 tonnes and 458 992 tonnes, respectively. This is underpinned by an expected harvest of 1.4 million tonnes of soybeans in the 2017/18 production season.
The expected decline in imports is driven by strong local production and favourable domestic prices, particularly for soybean processors. There has been an increase in demand for locally produced soybean 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 kilograms, according to data from Department of Agriculture, Forestry and Fisheries.
Read full report by Wandile Sihlobo in the link below:
SA soybeans and its by-product imports set to decline in 2018,19
