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.
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