Aqua spurt drives China’s soybean consumption up

19.06.2017

China’s fish farming accounts for approximately 60% of globally farmed warm water species. In 2006, China’s total artificially cultivated aquatic production was estimated at 31 million tonnes. Last year production was estimated at a little over 50 million tonnes.

This is driving the country’s soybean consumption up, said a USDA report. Total aquaculture feed production in 2015 was estimated at approximately 55 million tonnes. Fish meal and roquette seed meal are the main protein sources in aqua feed; however, some 9 million tonnes of soybean meal is also used in fish farming. Industry sources expect this trend will continue to grow to satisfy rapidly increasing fish production, both for export and domestic consumption.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult