The USDA has estimated 2016/17 to new record levels in the last monthly report WASDE soybean meal production as well as consumption for the marketing period.
The need for increasing slightly faster than the supply from the new harvest. The "stock-to-use ratio" reduces for six years the first time lower than 5%.
China's pig fattening systems have the largest world market share as consumers with 29%. The countries in the European Union, the United States and Brazil together compete in a different third of the world market. At the same time, these three countries are the largest meat producers who have a constant to rising hunger for protein-rich forage components.
China is one of the largest soybean Millers of the world. The three largest soybean producers in Brazil, the United States and Argentina crushen averaged 50% a large part of their soy beans themselves. Therefore, you distribute the shotgun in the world market.
In the years 2014-2017, Argentina stands for 47% of the annual world market volume of soybean meal, the United States 23%, Brazil for 17%. The EU the largest importer of soybean meal, is world's closely followed by countries in South-East Asia.
Basically, China imported even no soybean meal, because they want to use the oil mills in the country. China imported almost only raw soybeans into soybean meal and soybean oil.
