Import of soybean meal to Indonesia will increase to 5.6 mln tons
Indonesia’s imports of soybean meal are expected to reach 5.6 mln tonnes in 2023/24 MY due to the steady demand from the feed producers, according to the report of the USDA.
In 2022/23 MY, the imports decreased to 5.4 mln tonnes. Brazil shipped 3.3 mln tonnes, ahead of Argentina by 920,000 tonnes, which reduced supplies due to drought-related problems. Shipments from the United States increased to 116,000 tons in 2022/23, but were still below the level of 2020/21.
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon