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News: sbm

Myanmar’s soybean supply challenges signal opportunities for exporters

Myanmar’s feedmillers rely on imported sbm and domestic soybean cakes for protein in animal feed. Despite domestic production of 192,000 tons in 2023, Myanmar’s...

Ussec sees robust growth in soybean demand

US Soybean Export Council (Ussec) continues to see robust growth in soybean demand globally, while production is expected to rise by 5% yoy. “Demand...

Price of sbm declines globally

Price of sbm is likely to fall as the US is forced to export excess sbm because of inadequate domestic demand. Higher demand for...

Thailand’s sbm price to remain high

Sbm price in Thailand will remain high until April since Thai soybean crushing plants have deferred imports due to high prices, Somphob Auesongtham, Secretary...

Addressing ANFs in sbm critical in young animal diets

While sbm is a common protein source in animal feed, its anti-nutritional factors (ANFs) present risks to the health and growth of young animals....

Vietnam rejects import tax exemption for sbm

Vietnam’s Ministry of Finance (MOF) has said it should either maintain the current import tax rate for sbm at 2% or reduce to 1%,...

Feed ingredient prices trending down in Thailand

Prices of feed ingredients in Thailand will continue to decline until Q1 2024, an industry official said. “Corn and sbm prices have fallen because...

Demand for US sbm expected to increase in Southeast Asia

Argentinian sbm will face increasing competition from the US for Southeast Asia, as the latter increases availability. At present, Argentina holds the market share...

Indonesia’s sbm imports rise 3%

Indonesia’s sbm imports for 2023/24 are forecast to rise 3% from the previous year to 5.8mt. Price competitiveness means South America is likely to...

CP Indonesia expects higher profits going forward

CP Indonesia is forecast to record net profit rebounds in the upcoming quarters, according to capital market company Mirae Asset Sekuritas. Mirae’s analyst Emma...

Advantages of soybeans from the PNW

Soybean and sbm from the Pacific Northwest (PNW) carry a distinct composition profile. While lower in protein, they have a high concentration of amino...

China seeks further cut in sbm rations in feed

China hopes to reduce sbm inclusion ratios in animal feed to less than 13% by 2025. Its Agriculture Ministry released a three-year action plan...

Indonesia’s sbm consumption up

Growing demand from Indonesia’s feed sector will drive up sbm consumption in 2023/24 to 5.8mt, slightly higher than in 2022/23. The USDA said the...

Vietnam considers removal of sbm import tariff

The Vietnam Feed Association wants the government to remove the tariff on sbm imports to support livestock producers. The association said the tax exemption...

South Korea’s sbm consumption down on carbon emission push

South Korea is cutting crude protein (CP) in pig feed, dragging down demand for sbm. In July 2022, the Ministry of Agriculture, Food and...

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