The U.S. Department of Agriculture’s (USDA) attaché office in Beijing issued its Oilseeds and Products Annual report in late March.
Highlighting the findings were expectations for demand to rebound in the 2019/20 marketing year of the world’s top consumer of oilseed and oilseed products.
China’s demand for protein feeds has slowed in recent months as the nation’s hog industry grapples with controlling the recent outbreak of African Swine Fever (ASF).
ASF was first identified in August and according to the Post’s Livestock and Products Semi-Annual report, more than one million pigs had been culled as of mid-March in hopes to curb the spread of the disease.
As a result of the reduced hog herd, China’s protein meal feed use is expected to grow one percent from the 2018/19 marketing year to reach 90.9 million tonnes in 2019/20.
Attributing to the recovery is increasing consumer demand for alternative protein sources such as beef cattle, poultry and aquaculture production.
Read the full report USSoy.org.
