Indonesia to increase soybean meal imports

Introduction: Indonesia has no crushing capacity, so all soybean meal needs to be imported Indonesia's soybean meal imports are estimated to have increased by about 6% to 1.4 million tons in 2001 / 02 due to an expected increase in mixed feed demand It is expected that soybean meal imports will also increase in 2002 / 03 The import of soybean meal in 2000 / 01 was increased to 1.32 million tons, 28% higher than that in the previous market year The poultry industry is a major consumer of soybean meal, but shrimp and fish producers also use it In 2000 / 01, the United States was the largest soybean meal supplier with 67% market share, followed by India with 31% market share and Argentina with 2% market share Because of foot-and-mouth disease, the ban on the import of South American soybean meal affected Argentina's exports Although the current Argentine soybean meal offer is competitive and the ban has been lifted, importers are still very cautious about the possible resumption of the ban at any time The purchase of American soybean meal is still the main one as gsm-102 loan program is available The price of Indian soybean meal is generally lower than that of the United States, but if the gsm-102 loan can be obtained, the importer will prefer American soybean meal Basic data for the first seven months of the market year (October 2001 April 2002) show that the market share of the United States decreased from 57% last year to 47%, but the market share of India increased After late April, India's supply has declined to a certain extent, and traders will look for American sources again (author:) share to feed Weibo share to: