China has been working to cut the use of soybean meal in animal feed – the primary end-use of imported soybeans – as part of its strategy to reduce external dependence, but the latest industry data suggests these efforts have made limited headway.
Last year, the proportion of soybean meal in domestically produced feed stood at 13.4 per cent, unchanged from the previous year, according to data released by the China Feed Industry Association (CFIA) last week.
This indicates that the goal set by…
China failed to hit soybean meal dependence targets last year. US deal makes it harder
