World grain consumption continues to grow

29.03.2017

Higher meat consumption is driving feed imports into Southeast Asia, participants of the Grains Transportation Conference held in Vietnam last week, heard. The region imports more than half of US' production. “The next driver of global soybean demand will be Southeast Asia.

This area has experienced strong growth of soybean and soymeal import over the past 15 years, driven by robust expansion of pork and broiler meat production, of which Vietnam is at the top in terms of both feed and animal protein demand growth in Asia,” said John Baize, President, John C Baize & Association.  “Vietnam meanwhile is expected to overtake Japan to become the largest importer in 3-5 years,” said Manuez Sanchez, Assistant to Regional Director (Southern Asia and Oceania), US Grains Council.


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