Indonesia increases soybean use for feed


Indonesia is increasing its use of soybeans for feed in part because of the corn import ban that has sent corn price skyrocketing. According to a report from the Foreign Agricultural Service of the US Department of Agriculture, the estimate of soybean for feed use in 2016-17 was revised up to 150,000 tonnes and for 2017-18 it was revised to 160,000 tonnes.

Feedmillers are using more low-grade feed wheat and then full fat soybeans to balance the overall fat content. Wheat is being used because of the high price of domestic corn. As part of its overall food self-sufficiency campaign, the Ministry of Agriculture is considering a draft regulation to restrict soybean imports.


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