Indonesia’s soybean meal consumption to grow by 2%
Indonesia’s soybean meal consumption is expected to grow by 2% to 5.75 million tons in MY 2024/25 due to continued demand from the feed sector.
According to USDA, the poultry industry is the largest consumer of soybean meal, accounting for at least 80% of animal feed consumption in Indonesia, and poultry production is expected to grow in parallel with population growth and increasing preference for poultry meat.
Feed demand in aquaculture is also expected to increase as the industry targets demand in the export market. Meanwhile, soybean meal imports are expected to reach 5.8 million tons in 2024/25, up 100,000 tons from 2023/24.
Read also
Vegetable Oils Get Priority: Can Ukraine Accelerate Exports Without Full Sea Access?
Turkey’s wheat imports could fall 56% amid Black Sea supply disruptions
Malaysia considers temporary suspension of crude palm oil export duty amid record ...
Thai chicken prices in Japan fall 25% amid growing competition from China
Growing corn supplies put pressure on prices in Ukraine and the EU
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon