June 6, 2025 | 23:19 GMT +7
Hotline: 0913.378.918
June 6, 2025 | 23:19 GMT +7
Hotline: 0913.378.918
China will crush more oilseeds in 2024-25 as it sees a moderate demand recovery for protein meals in the feed sector, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA).
Total oilseeds for crushing are estimated at 137.3 million tonnes in 2024-25, up from an estimate of 135.3 million tonnes in 2023-24. Overall feed consumption continues to grow, driving soybean meal use.
“Additionally, a moderate recovery of vegetable oil demand and greater soybean use for food also drove-up consumption of oilseeds,” the FAS said.
Soybean crushing is estimated at 99 million tonnes in 2024-25, up from 97.5 million tonnes in 2023-24. Lower soybean meal prices and competitive pricing for exports have incentivized crushing.
Meal consumption for feed in 2024-25 is estimated at 102.7 million tonnes, showing moderate growth from the 101.3 million tonnes estimated in 2023-24. Soybean meal continues to dominate meal use for feed, accounting for over 74%, distantly followed by rapeseed meal at 13.1% in 2024-25, the FAS said.
“Overall feed consumption in 2023 is 3% higher than the previous year,” the FAS said. “The upward trend in overall feed consumption is expected to continue in 2024 taking into consideration the production gains of animal products.”
Total vegetable oil for food use also is expected to increase in 2024-25 to 35.6 million tonnes, up from 35.1 million tonnes in the previous year.
“Economic growth that is lifting the living standards of consumers is the main driver for overall consumption of vegetable oils,” the FAS said.
(WG)
(VAN) With the war ongoing, many Ukrainian farmers and rural farming families face limited access to their land due to mines and lack the financial resources to purchase needed agricultural inputs.
(VAN) Vikas Rambal has quietly built a $5 billion business empire in manufacturing, property and solar, and catapulted onto the Rich List.
(VAN) Available cropland now at less than five percent, according to latest geospatial assessment from FAO and UNOSAT.
(VAN) Alt Carbon has raised $12 million in a seed round as it plans to scale its carbon dioxide removal work in the South Asian nation.
(VAN) Attempts to bring down the price of the Japanese staple have had little effect amid a cost-of-living crisis.
(VAN) Fourth most important food crop in peril as Latin America and Caribbean suffer from slow-onset climate disaster.
(VAN) Shifting market dynamics and the noise around new legislation has propelled Trouw Nutrition’s research around early life nutrition in poultry. Today, it continues to be a key area of research.
