Philippines to see sharp rise in soybean meal purchases
The United States maintains its leading position in the soybean meal market.
Demand for animal feed in the Philippines is expected to increase due to a steady recovery in the poultry (broiler and layer), aquaculture, and pet food industries, as well as a gradual recovery in the swine industry. According to the Foreign Agricultural Service (FAS) of the United States Department of Agriculture, soybean meal imports to the Philippines in the 2025/26 crop year are projected to increase by 3.1%, reaching 3.35 million tonnes.
The United States maintains its leading position in the soybean meal market, controlling more than 80% of its volume. Despite the continued level of soybean consumption for feed purposes, feed producers are looking to optimize costs, giving preference to more affordable alternatives such as low-cost soybean meal, soybean oil, and full-fat soybeans. This trend is aimed at reducing the cost of feed production.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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