March 29, 2025 | 10:15 GMT +7
Hotline: 0913.378.918
March 29, 2025 | 10:15 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) Corn prices in the Campinas region have surged past 90 reais ($15.80) per 60-kg bag, the highest nominal level in nearly three years, marking a more than 23% jump year-to-date, according to the widely followed Cepea index from the University of Sao Paulo.
(VAN) Thailand’s efforts to address landlessness among its population has been a priority for multiple administrations.
(VAN) FAO, together with the Government of Italy, and a forest expert and a master ice cream maker from Italy, educate young students on the significance of forest foods at FAO Park.
(VAN) The EU has recently approved the use of glyphosate for another decade. Bárbara Pinho examines the controversial pesticide’s presence in British farming and considers the possibility of a ban in the UK.
(VAN) Averting losses of hundreds of millions of poultry crucial to mitigate impacts on food security, nutrition and affordability of poultry products.
(VAN) The loud whirr of a chainsaw sounds through the forest as a small group of farmers gathers around a tree filled with red seed pods. With one slow stroke, a severed knobby branch hits the ground.
(VAN) The importance of this cereal lies in its role in the future of human and animal nutrition, providing a sustainable alternative for areas facing water scarcity.
