Philippine soybean meal imports up 5.45% in 2018


The continuous expansion of the livestock and poultry industry in the Philippines may increase the country’s imports of soybean meal (sbm) this year by 5.45% or a record high of 2.9 million tonnes.

According to a report by the Global Agricultural Information Network (Gain) of the US Department of Agriculture, the projected imports are higher by 15,000 tonnes than the 2.75 tonnes recorded in 2017, driven by strong feed demand from the expanding hog and poultry industries. The US still remains the top source of sbm for the Philippines.


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